Incredible Industries Balance Sheet Health
Financial Health criteria checks 4/6
Incredible Industries has a total shareholder equity of ₹1.3B and total debt of ₹503.4M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are ₹2.1B and ₹840.2M respectively. Incredible Industries's EBIT is ₹148.2M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹33.5M.
Key information
39.2%
Debt to equity ratio
₹503.36m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹33.52m |
| Equity | ₹1.29b |
| Total liabilities | ₹840.22m |
| Total assets | ₹2.13b |
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
Returns 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 (₹1.7B) exceed its short term liabilities (₹665.8M).
Long Term Liabilities: INCREDIBLE's short term assets (₹1.7B) exceed its long term liabilities (₹174.4M).
Debt to Equity History and Analysis
Debt Level: INCREDIBLE's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: INCREDIBLE's debt to equity ratio has reduced from 51.2% to 39.2% over the past 5 years.
Debt Coverage: INCREDIBLE's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: INCREDIBLE's interest payments on its debt are not well covered by EBIT (2.6x coverage).