Indigo Paints Balance Sheet Health
Financial Health criteria checks 6/6
Indigo Paints has a total shareholder equity of ₹8.2B and total debt of ₹172.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ₹11.6B and ₹3.5B respectively. Indigo Paints's EBIT is ₹1.8B making its interest coverage ratio -498.9. It has cash and short-term investments of ₹1.7B.
Key information
2.1%
Debt to equity ratio
₹171.96m
Debt
Interest coverage ratio | -498.9x |
Cash | ₹1.71b |
Equity | ₹8.18b |
Total liabilities | ₹3.46b |
Total assets | ₹11.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543258's short term assets (₹5.3B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: 543258's short term assets (₹5.3B) exceed its long term liabilities (₹642.0M).
Debt to Equity History and Analysis
Debt Level: 543258 has more cash than its total debt.
Reducing Debt: 543258's debt to equity ratio has reduced from 38% to 2.1% over the past 5 years.
Debt Coverage: 543258's debt is well covered by operating cash flow (908.2%).
Interest Coverage: 543258 earns more interest than it pays, so coverage of interest payments is not a concern.