Vineet Laboratories Balance Sheet Health
Financial Health criteria checks 2/6
Vineet Laboratories has a total shareholder equity of ₹307.7M and total debt of ₹405.7M, which brings its debt-to-equity ratio to 131.9%. Its total assets and total liabilities are ₹1.1B and ₹757.7M respectively. Vineet Laboratories's EBIT is ₹543.9K making its interest coverage ratio 0. It has cash and short-term investments of ₹3.1M.
Key information
131.9%
Debt to equity ratio
₹405.73m
Debt
| Interest coverage ratio | 0.01x |
| Cash | ₹3.13m |
| Equity | ₹307.65m |
| Total liabilities | ₹757.66m |
| Total assets | ₹1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543298's short term assets (₹783.8M) exceed its short term liabilities (₹681.8M).
Long Term Liabilities: 543298's short term assets (₹783.8M) exceed its long term liabilities (₹75.9M).
Debt to Equity History and Analysis
Debt Level: 543298's net debt to equity ratio (130.9%) is considered high.
Reducing Debt: Insufficient data to determine if 543298's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543298's debt is not well covered by operating cash flow (1.7%).
Interest Coverage: 543298's interest payments on its debt are not well covered by EBIT (0x coverage).