Indian Phosphate Balance Sheet Health
Financial Health criteria checks 3/6
Indian Phosphate has a total shareholder equity of ₹988.8M and total debt of ₹880.4M, which brings its debt-to-equity ratio to 89%. Its total assets and total liabilities are ₹2.6B and ₹1.6B respectively. Indian Phosphate's EBIT is ₹203.9M making its interest coverage ratio 5.5. It has cash and short-term investments of ₹3.2M.
Key information
89.0%
Debt to equity ratio
₹880.37m
Debt
| Interest coverage ratio | 5.5x |
| Cash | ₹3.19m |
| Equity | ₹988.79m |
| Total liabilities | ₹1.56b |
| Total assets | ₹2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IPHL's short term assets (₹1.9B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: IPHL's short term assets (₹1.9B) exceed its long term liabilities (₹186.8M).
Debt to Equity History and Analysis
Debt Level: IPHL's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: IPHL's debt to equity ratio has increased from 87.5% to 89% over the past 5 years.
Debt Coverage: IPHL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IPHL's interest payments on its debt are well covered by EBIT (5.5x coverage).