Novartis India Balance Sheet Health
Financial Health criteria checks 5/6
Novartis India has a total shareholder equity of ₹7.0B and total debt of ₹82.6M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ₹8.7B and ₹1.7B respectively. Novartis India's EBIT is ₹598.8M making its interest coverage ratio -1.2. It has cash and short-term investments of ₹4.9B.
Key information
1.2%
Debt to equity ratio
₹82.60m
Debt
Interest coverage ratio | -1.2x |
Cash | ₹4.90b |
Equity | ₹7.02b |
Total liabilities | ₹1.68b |
Total assets | ₹8.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500672's short term assets (₹6.0B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 500672's short term assets (₹6.0B) exceed its long term liabilities (₹291.6M).
Debt to Equity History and Analysis
Debt Level: 500672 has more cash than its total debt.
Reducing Debt: 500672's debt to equity ratio has increased from 0% to 1.2% over the past 5 years.
Debt Coverage: 500672's debt is well covered by operating cash flow (132.3%).
Interest Coverage: 500672 earns more interest than it pays, so coverage of interest payments is not a concern.