Tide Water Oil (India) Balance Sheet Health
Financial Health criteria checks 6/6
Tide Water Oil (India) has a total shareholder equity of ₹8.0B and total debt of ₹4.5M, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are ₹11.1B and ₹3.1B respectively. Tide Water Oil (India)'s EBIT is ₹1.5B making its interest coverage ratio -31.4. It has cash and short-term investments of ₹1.9B.
Key information
0.06%
Debt to equity ratio
₹4.50m
Debt
Interest coverage ratio | -31.4x |
Cash | ₹1.94b |
Equity | ₹8.03b |
Total liabilities | ₹3.05b |
Total assets | ₹11.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590005's short term assets (₹7.5B) exceed its short term liabilities (₹2.5B).
Long Term Liabilities: 590005's short term assets (₹7.5B) exceed its long term liabilities (₹511.7M).
Debt to Equity History and Analysis
Debt Level: 590005 has more cash than its total debt.
Reducing Debt: 590005's debt to equity ratio has reduced from 6.2% to 0.06% over the past 5 years.
Debt Coverage: 590005's debt is well covered by operating cash flow (38977.8%).
Interest Coverage: 590005 earns more interest than it pays, so coverage of interest payments is not a concern.