Venus Remedies Balance Sheet Health
Financial Health criteria checks 6/6
Venus Remedies has a total shareholder equity of ₹4.7B and total debt of ₹417.4M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are ₹6.4B and ₹1.7B respectively. Venus Remedies's EBIT is ₹365.1M making its interest coverage ratio -18.5. It has cash and short-term investments of ₹707.5M.
Key information
8.9%
Debt to equity ratio
₹417.40m
Debt
Interest coverage ratio | -18.5x |
Cash | ₹707.50m |
Equity | ₹4.71b |
Total liabilities | ₹1.69b |
Total assets | ₹6.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526953's short term assets (₹3.7B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 526953's short term assets (₹3.7B) exceed its long term liabilities (₹595.1M).
Debt to Equity History and Analysis
Debt Level: 526953 has more cash than its total debt.
Reducing Debt: 526953's debt to equity ratio has reduced from 88.3% to 8.9% over the past 5 years.
Debt Coverage: 526953's debt is well covered by operating cash flow (36%).
Interest Coverage: 526953 earns more interest than it pays, so coverage of interest payments is not a concern.