Hi-Tech Pipes Balance Sheet Health
Financial Health criteria checks 4/6
Hi-Tech Pipes has a total shareholder equity of ₹4.5B and total debt of ₹3.4B, which brings its debt-to-equity ratio to 75.9%. Its total assets and total liabilities are ₹9.9B and ₹5.4B respectively. Hi-Tech Pipes's EBIT is ₹985.0M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹220.2M.
Key information
75.9%
Debt to equity ratio
₹3.43b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹220.23m |
Equity | ₹4.52b |
Total liabilities | ₹5.42b |
Total assets | ₹9.94b |
Recent financial health updates
No updates
Recent updates
Hi-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 27We're Watching These Trends At Hi-Tech Pipes (NSE:HITECH)
Dec 23How Good Is Hi-Tech Pipes Limited (NSE:HITECH), When It Comes To ROE?
Nov 18Financial Position Analysis
Short Term Liabilities: HITECH's short term assets (₹5.9B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: HITECH's short term assets (₹5.9B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: HITECH's net debt to equity ratio (71%) is considered high.
Reducing Debt: HITECH's debt to equity ratio has reduced from 212.2% to 75.9% over the past 5 years.
Debt Coverage: HITECH's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: HITECH's interest payments on its debt are well covered by EBIT (3.2x coverage).