Innova Captab Balance Sheet Health
Financial Health criteria checks 6/6
Innova Captab has a total shareholder equity of ₹9.0B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are ₹14.3B and ₹5.4B respectively. Innova Captab's EBIT is ₹1.6B making its interest coverage ratio 40.4. It has cash and short-term investments of ₹181.4M.
Key information
28.9%
Debt to equity ratio
₹2.59b
Debt
| Interest coverage ratio | 40.4x |
| Cash | ₹181.35m |
| Equity | ₹8.95b |
| Total liabilities | ₹5.39b |
| Total assets | ₹14.35b |
Recent financial health updates
Recent updates
Even With A 27% Surge, Cautious Investors Are Not Rewarding Innova Captab Limited's (NSE:INNOVACAP) Performance Completely
Aug 01
Innova Captab (NSE:INNOVACAP) Has A Pretty Healthy Balance Sheet
Jul 19We Think That There Are Issues Underlying Innova Captab's (NSE:INNOVACAP) Earnings
Jun 06What Innova Captab Limited's (NSE:INNOVACAP) P/E Is Not Telling You
May 21Financial Position Analysis
Short Term Liabilities: INNOVACAP's short term assets (₹5.9B) exceed its short term liabilities (₹3.1B).
Long Term Liabilities: INNOVACAP's short term assets (₹5.9B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: INNOVACAP's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: INNOVACAP's debt to equity ratio has reduced from 65.4% to 28.9% over the past 5 years.
Debt Coverage: INNOVACAP's debt is well covered by operating cash flow (38.6%).
Interest Coverage: INNOVACAP's interest payments on its debt are well covered by EBIT (40.4x coverage).