Torrent Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 5/6
Torrent Pharmaceuticals has a total shareholder equity of ₹68.6B and total debt of ₹40.4B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are ₹150.6B and ₹82.0B respectively. Torrent Pharmaceuticals's EBIT is ₹27.0B making its interest coverage ratio 8.6. It has cash and short-term investments of ₹10.0B.
Key information
58.9%
Debt to equity ratio
₹40.39b
Debt
Interest coverage ratio | 8.6x |
Cash | ₹10.04b |
Equity | ₹68.56b |
Total liabilities | ₹82.04b |
Total assets | ₹150.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500420's short term assets (₹56.1B) exceed its short term liabilities (₹54.3B).
Long Term Liabilities: 500420's short term assets (₹56.1B) exceed its long term liabilities (₹27.8B).
Debt to Equity History and Analysis
Debt Level: 500420's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: 500420's debt to equity ratio has reduced from 128.1% to 58.9% over the past 5 years.
Debt Coverage: 500420's debt is well covered by operating cash flow (80.9%).
Interest Coverage: 500420's interest payments on its debt are well covered by EBIT (8.6x coverage).