Veedol Balance Sheet Health
Financial Health criteria checks 6/6
Veedol has a total shareholder equity of ₹8.3B and total debt of ₹12.5M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹11.6B and ₹3.3B respectively. Veedol's EBIT is ₹1.6B making its interest coverage ratio -15.4. It has cash and short-term investments of ₹2.1B.
Key information
0.2%
Debt to equity ratio
₹12.50m
Debt
| Interest coverage ratio | -15.4x |
| Cash | ₹2.12b |
| Equity | ₹8.27b |
| Total liabilities | ₹3.29b |
| Total assets | ₹11.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590005's short term assets (₹7.7B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: 590005's short term assets (₹7.7B) exceed its long term liabilities (₹557.9M).
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 6.1% to 0.2% over the past 5 years.
Debt Coverage: 590005's debt is well covered by operating cash flow (12440%).
Interest Coverage: 590005 earns more interest than it pays, so coverage of interest payments is not a concern.