Bharat Wire Ropes Balance Sheet Health
Financial Health criteria checks 6/6
Bharat Wire Ropes has a total shareholder equity of ₹6.1B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ₹8.2B and ₹2.1B respectively. Bharat Wire Ropes's EBIT is ₹1.5B making its interest coverage ratio 10.8. It has cash and short-term investments of ₹65.6M.
Key information
29.3%
Debt to equity ratio
₹1.79b
Debt
Interest coverage ratio | 10.8x |
Cash | ₹65.65m |
Equity | ₹6.11b |
Total liabilities | ₹2.14b |
Total assets | ₹8.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539799's short term assets (₹3.3B) exceed its short term liabilities (₹754.3M).
Long Term Liabilities: 539799's short term assets (₹3.3B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 539799's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 539799's debt to equity ratio has reduced from 451.2% to 29.3% over the past 5 years.
Debt Coverage: 539799's debt is well covered by operating cash flow (87.9%).
Interest Coverage: 539799's interest payments on its debt are well covered by EBIT (10.8x coverage).