Indigo Paints Balance Sheet Health
Financial Health criteria checks 6/6
Indigo Paints has a total shareholder equity of ₹9.0B and total debt of ₹210.3M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ₹12.7B and ₹3.7B respectively. Indigo Paints's EBIT is ₹1.8B making its interest coverage ratio 468.3. It has cash and short-term investments of ₹2.0B.
Key information
2.3%
Debt to equity ratio
₹210.29m
Debt
| Interest coverage ratio | 468.3x |
| Cash | ₹2.00b |
| Equity | ₹9.02b |
| Total liabilities | ₹3.68b |
| Total assets | ₹12.70b |
Recent financial health updates
Recent updates
Be Wary Of Indigo Paints (NSE:INDIGOPNTS) And Its Returns On Capital
Oct 17
Does Indigo Paints (NSE:INDIGOPNTS) Have A Healthy Balance Sheet?
Sep 06Indigo Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models
Aug 09Shareholders May Find It Hard To Justify Increasing Indigo Paints Limited's (NSE:INDIGOPNTS) CEO Compensation For Now
Aug 04Indigo Paints (NSE:INDIGOPNTS) Has Affirmed Its Dividend Of ₹3.50
Aug 01Indigo Paints (NSE:INDIGOPNTS) Is Paying Out A Dividend Of ₹3.50
Jul 18Analysts Have Made A Financial Statement On Indigo Paints Limited's (NSE:INDIGOPNTS) Full-Year Report
May 25Indigo Paints Limited's (NSE:INDIGOPNTS) Business Is Trailing The Market But Its Shares Aren't
Apr 04We 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 (₹6.2B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: INDIGOPNTS's short term assets (₹6.2B) exceed its long term liabilities (₹821.4M).
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 36.1% to 2.3% over the past 5 years.
Debt Coverage: INDIGOPNTS's debt is well covered by operating cash flow (718.1%).
Interest Coverage: INDIGOPNTS's interest payments on its debt are well covered by EBIT (468.3x coverage).