Venus Pipes and Tubes Balance Sheet Health
Financial Health criteria checks 6/6
Venus Pipes and Tubes has a total shareholder equity of ₹4.1B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are ₹7.6B and ₹3.5B respectively. Venus Pipes and Tubes's EBIT is ₹1.4B making its interest coverage ratio 6.2. It has cash and short-term investments of ₹107.6M.
Key information
36.8%
Debt to equity ratio
₹1.49b
Debt
Interest coverage ratio | 6.2x |
Cash | ₹107.58m |
Equity | ₹4.06b |
Total liabilities | ₹3.51b |
Total assets | ₹7.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543528's short term assets (₹4.6B) exceed its short term liabilities (₹3.1B).
Long Term Liabilities: 543528's short term assets (₹4.6B) exceed its long term liabilities (₹424.8M).
Debt to Equity History and Analysis
Debt Level: 543528's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: 543528's debt to equity ratio has reduced from 241.7% to 36.8% over the past 5 years.
Debt Coverage: 543528's debt is well covered by operating cash flow (35%).
Interest Coverage: 543528's interest payments on its debt are well covered by EBIT (6.2x coverage).