Indoco Remedies Balance Sheet Health
Financial Health criteria checks 3/6
Indoco Remedies has a total shareholder equity of ₹10.9B and total debt of ₹8.2B, which brings its debt-to-equity ratio to 75.2%. Its total assets and total liabilities are ₹23.9B and ₹13.0B respectively. Indoco Remedies's EBIT is ₹938.1M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹417.3M.
Key information
75.2%
Debt to equity ratio
₹8.19b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹417.30m |
| Equity | ₹10.89b |
| Total liabilities | ₹13.01b |
| Total assets | ₹23.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532612's short term assets (₹10.3B) exceed its short term liabilities (₹8.0B).
Long Term Liabilities: 532612's short term assets (₹10.3B) exceed its long term liabilities (₹5.0B).
Debt to Equity History and Analysis
Debt Level: 532612's net debt to equity ratio (71.4%) is considered high.
Reducing Debt: 532612's debt to equity ratio has increased from 32.1% to 75.2% over the past 5 years.
Debt Coverage: 532612's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 532612's interest payments on its debt are not well covered by EBIT (1.9x coverage).