Hitech Balance Sheet Health
Financial Health criteria checks 5/6
Hitech has a total shareholder equity of ₹2.7B and total debt of ₹799.6M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are ₹4.0B and ₹1.4B respectively. Hitech's EBIT is ₹339.3M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹10.7M.
Key information
29.8%
Debt to equity ratio
₹799.55m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹10.70m |
| Equity | ₹2.68b |
| Total liabilities | ₹1.36b |
| Total assets | ₹4.04b |
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
Little Excitement Around Hitech Corporation Limited's (NSE:HITECHCORP) Earnings As Shares Take 26% Pounding
Nov 14Estimating The Fair Value Of Hitech Corporation Limited (NSE:HITECHCORP)
Oct 22Hitech Corporation Limited (NSE:HITECHCORP) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Sep 29Increases to CEO Compensation Might Be Put On Hold For Now at Hitech Corporation Limited (NSE:HITECHCORP)
Jul 19Cautious 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 (₹1.0B) exceed its short term liabilities (₹922.4M).
Long Term Liabilities: HITECHCORP's short term assets (₹1.0B) exceed its long term liabilities (₹433.1M).
Debt to Equity History and Analysis
Debt Level: HITECHCORP's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: HITECHCORP's debt to equity ratio has reduced from 105.5% to 29.8% over the past 5 years.
Debt Coverage: HITECHCORP's debt is well covered by operating cash flow (79.9%).
Interest Coverage: HITECHCORP's interest payments on its debt are not well covered by EBIT (2.3x coverage).