Tips Industries Balance Sheet Health
Financial Health criteria checks 6/6
Tips Industries has a total shareholder equity of ₹1.8B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹3.4B and ₹1.6B respectively. Tips Industries's EBIT is ₹1.7B making its interest coverage ratio 490.3. It has cash and short-term investments of ₹2.2B.
Key information
0%
Debt to equity ratio
₹0
Debt
Interest coverage ratio | 490.3x |
Cash | ₹2.22b |
Equity | ₹1.79b |
Total liabilities | ₹1.59b |
Total assets | ₹3.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532375's short term assets (₹2.8B) exceed its short term liabilities (₹834.1M).
Long Term Liabilities: 532375's short term assets (₹2.8B) exceed its long term liabilities (₹759.6M).
Debt to Equity History and Analysis
Debt Level: 532375 is debt free.
Reducing Debt: 532375 has no debt compared to 5 years ago when its debt to equity ratio was 12%.
Debt Coverage: 532375 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 532375 has no debt, therefore coverage of interest payments is not a concern.