IFGL Refractories Balance Sheet Health
Financial Health criteria checks 5/6
IFGL Refractories has a total shareholder equity of ₹11.0B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are ₹15.5B and ₹4.4B respectively. IFGL Refractories's EBIT is ₹685.0M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹1.7B.
Key information
16.1%
Debt to equity ratio
₹1.78b
Debt
| Interest coverage ratio | 7.4x |
| Cash | ₹1.75b |
| Equity | ₹11.04b |
| Total liabilities | ₹4.43b |
| Total assets | ₹15.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540774's short term assets (₹8.6B) exceed its short term liabilities (₹3.4B).
Long Term Liabilities: 540774's short term assets (₹8.6B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: 540774's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 540774's debt to equity ratio has increased from 10.2% to 16.1% over the past 5 years.
Debt Coverage: 540774's debt is well covered by operating cash flow (91.1%).
Interest Coverage: 540774's interest payments on its debt are well covered by EBIT (7.4x coverage).