Incredible Industries Balance Sheet Health
Financial Health criteria checks 6/6
Incredible Industries has a total shareholder equity of ₹1.4B and total debt of ₹244.1M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are ₹2.0B and ₹597.6M respectively. Incredible Industries's EBIT is ₹153.3M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹30.6M.
Key information
17.9%
Debt to equity ratio
₹244.08m
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₹30.59m |
| Equity | ₹1.36b |
| Total liabilities | ₹597.62m |
| Total assets | ₹1.96b |
Recent financial health updates
Is Incredible Industries (NSE:INCREDIBLE) A Risky Investment?
Nov 10
Incredible Industries (NSE:INCREDIBLE) Has A Somewhat Strained Balance Sheet
Jun 06Incredible Industries (NSE:INCREDIBLE) Seems To Use Debt Quite Sensibly
Dec 26Is Incredible Industries (NSE:INCREDIBLE) A Risky Investment?
Dec 07Here's Why Adhunik Industries (NSE:ADHUNIKIND) Has A Meaningful Debt Burden
Jan 03Is Adhunik Industries (NSE:ADHUNIKIND) Using Too Much Debt?
Sep 01
Recent updates
The Market Lifts Incredible Industries Limited (NSE:INCREDIBLE) Shares 33% But It Can Do More
Nov 23Here's Why Shareholders May Want To Be Cautious With Increasing Incredible Industries Limited's (NSE:INCREDIBLE) CEO Pay Packet
Sep 21Some Shareholders Feeling Restless Over Incredible Industries Limited's (NSE:INCREDIBLE) P/E Ratio
Jul 28Returns On Capital At Incredible Industries (NSE:INCREDIBLE) Paint A Concerning Picture
Mar 04Sentiment Still Eluding Incredible Industries Limited (NSE:INCREDIBLE)
Jan 02Is Incredible Industries (NSE:INCREDIBLE) A Risky Investment?
Nov 10Increases to Incredible Industries Limited's (NSE:INCREDIBLE) CEO Compensation Might Cool off for now
Sep 23Incredible Industries (NSE:INCREDIBLE) Has A Somewhat Strained Balance Sheet
Jun 06Incredible Industries (NSE:INCREDIBLE) Seems To Use Debt Quite Sensibly
Dec 26There Are Reasons To Feel Uneasy About Incredible Industries' (NSE:INCREDIBLE) Returns On Capital
Sep 30Incredible Industries (NSE:INCREDIBLE) Will Want To Turn Around Its Return Trends
May 12Is Incredible Industries (NSE:INCREDIBLE) A Risky Investment?
Dec 07Incredible Industries (NSE:INCREDIBLE) May Have Issues Allocating Its Capital
Jun 10Can Adhunik Industries (NSE:ADHUNIKIND) Turn Things Around?
Feb 25Here's Why Adhunik Industries (NSE:ADHUNIKIND) Has A Meaningful Debt Burden
Jan 03How Well Is Adhunik Industries (NSE:ADHUNIKIND) Allocating Its Capital?
Nov 11Is Adhunik Industries (NSE:ADHUNIKIND) Using Too Much Debt?
Sep 01Financial Position Analysis
Short Term Liabilities: INCREDIBLE's short term assets (₹1.5B) exceed its short term liabilities (₹531.2M).
Long Term Liabilities: INCREDIBLE's short term assets (₹1.5B) exceed its long term liabilities (₹66.4M).
Debt to Equity History and Analysis
Debt Level: INCREDIBLE's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: INCREDIBLE's debt to equity ratio has reduced from 25.3% to 17.9% over the past 5 years.
Debt Coverage: INCREDIBLE's debt is well covered by operating cash flow (128.4%).
Interest Coverage: INCREDIBLE's interest payments on its debt are well covered by EBIT (3.7x coverage).