Hi-Green Carbon Balance Sheet Health
Financial Health criteria checks 4/6
Hi-Green Carbon has a total shareholder equity of ₹755.2M and total debt of ₹240.0M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are ₹1.1B and ₹298.5M respectively. Hi-Green Carbon's EBIT is ₹148.0M making its interest coverage ratio 12.7. It has cash and short-term investments of ₹100.7M.
Key information
31.8%
Debt to equity ratio
₹239.95m
Debt
Interest coverage ratio | 12.7x |
Cash | ₹100.73m |
Equity | ₹755.20m |
Total liabilities | ₹298.55m |
Total assets | ₹1.05b |
Financial Position Analysis
Short Term Liabilities: HIGREEN's short term assets (₹449.0M) exceed its short term liabilities (₹153.6M).
Long Term Liabilities: HIGREEN's short term assets (₹449.0M) exceed its long term liabilities (₹145.0M).
Debt to Equity History and Analysis
Debt Level: HIGREEN's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HIGREEN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HIGREEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HIGREEN's interest payments on its debt are well covered by EBIT (12.7x coverage).