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 ₹1.2B making its interest coverage ratio 2.5. It has cash and short-term investments of ₹259.9M.
Key information
70.0%
Debt to equity ratio
₹4.03b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹259.93m |
| Equity | ₹5.76b |
| Total liabilities | ₹6.02b |
| Total assets | ₹11.79b |
Recent financial health updates
No updates
Recent updates
There Could Be A Chance Hi-Tech Pipes Limited's (NSE:HITECH) CEO Will Have Their Compensation Increased
Sep 15
Hi-Tech Pipes Limited (NSE:HITECH) Not Lagging Market On Growth Or Pricing
Aug 13Hi-Tech Pipes' (NSE:HITECH) Profits May Not Reveal Underlying Issues
May 21Hi-Tech Pipes Limited (NSE:HITECH) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely
Mar 21Hi-Tech Pipes (NSE:HITECH) Could Be Struggling To Allocate Capital
Mar 05Shareholders Should Be Pleased With Hi-Tech Pipes Limited's (NSE:HITECH) Price
Dec 28The Returns On Capital At Hi-Tech Pipes (NSE:HITECH) Don't Inspire Confidence
Oct 14Here's Why We Think Hi-Tech Pipes (NSE:HITECH) Is Well Worth Watching
Sep 14Hi-Tech Pipes Limited's (NSE:HITECH) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 22Here's Why We Think Hi-Tech Pipes (NSE:HITECH) Is Well Worth Watching
Jul 22Why You Should Care About Hi-Tech Pipes' (NSE:HITECH) Strong Returns On Capital
May 12If You Like EPS Growth Then Check Out Hi-Tech Pipes (NSE:HITECH) Before It's Too Late
Mar 03Many Would Be Envious Of Hi-Tech Pipes' (NSE:HITECH) Excellent Returns On Capital
Jan 08Robust Earnings May Not Tell The Whole Story For Hi-Tech Pipes (NSE:HITECH)
Nov 06Investors Could Be Concerned With Hi-Tech Pipes' (NSE:HITECH) Returns On Capital
Apr 06The Hi-Tech Pipes (NSE:HITECH) Share Price Is Up 212% And Shareholders Are Boasting About It
Mar 10Can Hi-Tech Pipes Limited's (NSE:HITECH) ROE Continue To Surpass The Industry Average?
Feb 17How Many Hi-Tech Pipes Limited (NSE:HITECH) Shares Did Insiders Buy, In The Last Year?
Jan 27
We're Watching These Trends At Hi-Tech Pipes (NSE:HITECH)
Dec 23Financial Position Analysis
Short Term Liabilities: HITECH's short term assets (₹7.2B) exceed its short term liabilities (₹4.7B).
Long Term Liabilities: HITECH's short term assets (₹7.2B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: HITECH's net debt to equity ratio (65.5%) is considered high.
Reducing Debt: HITECH's debt to equity ratio has reduced from 186% to 70% over the past 5 years.
Debt Coverage: HITECH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HITECH's interest payments on its debt are not well covered by EBIT (2.5x coverage).