Hi-Tech Pipes Balance Sheet Health
Financial Health criteria checks 3/6
Hi-Tech Pipes has a total shareholder equity of ₹5.8B and total debt of ₹4.0B, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are ₹11.8B and ₹6.0B respectively. Hi-Tech Pipes's EBIT is ₹1.0B making its interest coverage ratio 2.4. It has cash and short-term investments of ₹259.9M.
Key information
70.0%
Debt to equity ratio
₹4.03b
Debt
Interest coverage ratio | 2.4x |
Cash | ₹259.93m |
Equity | ₹5.76b |
Total liabilities | ₹6.02b |
Total assets | ₹11.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543411's short term assets (₹7.2B) exceed its short term liabilities (₹4.7B).
Long Term Liabilities: 543411's short term assets (₹7.2B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 543411's net debt to equity ratio (65.5%) is considered high.
Reducing Debt: 543411's debt to equity ratio has reduced from 185.4% to 70% over the past 5 years.
Debt Coverage: 543411's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543411's interest payments on its debt are not well covered by EBIT (2.4x coverage).