Indigo Paints Balance Sheet Health
Financial Health criteria checks 6/6
Indigo Paints has a total shareholder equity of ₹8.2B and total debt of ₹172.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ₹11.6B and ₹3.5B respectively. Indigo Paints's EBIT is ₹1.8B making its interest coverage ratio -498.9. It has cash and short-term investments of ₹1.7B.
Key information
2.1%
Debt to equity ratio
₹171.96m
Debt
| Interest coverage ratio | -498.9x |
| Cash | ₹1.71b |
| Equity | ₹8.18b |
| Total liabilities | ₹3.46b |
| Total assets | ₹11.64b |
Recent financial health updates
No updates
Recent updates
Indigo Paints Limited's (NSE:INDIGOPNTS) Business Is Trailing The Market But Its Shares Aren't
Apr 04
We Ran A Stock Scan For Earnings Growth And Indigo Paints (NSE:INDIGOPNTS) Passed With Ease
Aug 01Indigo Paints Limited (NSE:INDIGOPNTS) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
Feb 15Are Indigo Paints Limited (NSE:INDIGOPNTS) Investors Paying Above The Intrinsic Value?
Dec 12We Think That There Are Some Issues For Indigo Paints (NSE:INDIGOPNTS) Beyond Its Promising Earnings
Nov 07Financial Position Analysis
Short Term Liabilities: INDIGOPNTS's short term assets (₹5.3B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: INDIGOPNTS's short term assets (₹5.3B) exceed its long term liabilities (₹642.0M).
Debt to Equity History and Analysis
Debt Level: INDIGOPNTS has more cash than its total debt.
Reducing Debt: INDIGOPNTS's debt to equity ratio has reduced from 38% to 2.1% over the past 5 years.
Debt Coverage: INDIGOPNTS's debt is well covered by operating cash flow (908.2%).
Interest Coverage: INDIGOPNTS earns more interest than it pays, so coverage of interest payments is not a concern.