Hitech Balance Sheet Health
Financial Health criteria checks 6/6
Hitech has a total shareholder equity of ₹2.5B and total debt of ₹677.0M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are ₹3.6B and ₹1.0B respectively. Hitech's EBIT is ₹403.2M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹12.9M.
Key information
26.6%
Debt to equity ratio
₹677.01m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹12.88m |
| Equity | ₹2.54b |
| Total liabilities | ₹1.04b |
| Total assets | ₹3.58b |
Recent financial health updates
Is Hitech (NSE:HITECHCORP) Using Too Much Debt?
Feb 15
Is Hitech (NSE:HITECHCORP) Using Too Much Debt?
Jun 10We Think Hitech (NSE:HITECHCORP) Can Stay On Top Of Its Debt
Dec 28Hitech (NSE:HITECHCORP) Seems To Use Debt Quite Sensibly
Aug 23Is Hitech (NSE:HITECHCORP) A Risky Investment?
Jan 17Does Hitech (NSE:HITECHCORP) Have A Healthy Balance Sheet?
Aug 02Recent updates
Cautious Investors Not Rewarding Hitech Corporation Limited's (NSE:HITECHCORP) Performance Completely
Apr 23Is Hitech (NSE:HITECHCORP) Using Too Much Debt?
Feb 15Hitech (NSE:HITECHCORP) Is Investing Its Capital With Increasing Efficiency
Dec 24Hitech (NSE:HITECHCORP) Has Affirmed Its Dividend Of ₹1.00
Jun 24Is Hitech (NSE:HITECHCORP) Using Too Much Debt?
Jun 10With EPS Growth And More, Hitech (NSE:HITECHCORP) Is Interesting
Feb 23We Think Hitech (NSE:HITECHCORP) Can Stay On Top Of Its Debt
Dec 28Investors Shouldn't Overlook Hitech's (NSE:HITECHCORP) Impressive Returns On Capital
Dec 07Calculating The Fair Value Of Hitech Corporation Limited (NSE:HITECHCORP)
Sep 13Hitech (NSE:HITECHCORP) Seems To Use Debt Quite Sensibly
Aug 23We Think You Should Be Aware Of Some Concerning Factors In Hitech's (NSE:HITECHCORP) Earnings
May 30Estimating The Fair Value Of Hitech Corporation Limited (NSE:HITECHCORP)
May 05Is Hitech (NSE:HITECHCORP) Likely To Turn Things Around?
Mar 11Hitech Corporation Limited's (NSE:HITECHCORP) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Feb 12Is Hitech (NSE:HITECHCORP) A Risky Investment?
Jan 17How Much is Hitech's (NSE:HITECHCORP) CEO Getting Paid?
Sep 14Does Hitech (NSE:HITECHCORP) Have A Healthy Balance Sheet?
Aug 02Financial Position Analysis
Short Term Liabilities: HITECHCORP's short term assets (₹976.7M) exceed its short term liabilities (₹837.0M).
Long Term Liabilities: HITECHCORP's short term assets (₹976.7M) exceed its long term liabilities (₹200.0M).
Debt to Equity History and Analysis
Debt Level: HITECHCORP's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: HITECHCORP's debt to equity ratio has reduced from 116.2% to 26.6% over the past 5 years.
Debt Coverage: HITECHCORP's debt is well covered by operating cash flow (78.9%).
Interest Coverage: HITECHCORP's interest payments on its debt are well covered by EBIT (3.1x coverage).