Vineet Laboratories Balance Sheet Health
Financial Health criteria checks 2/6
Vineet Laboratories has a total shareholder equity of ₹348.5M and total debt of ₹406.2M, which brings its debt-to-equity ratio to 116.5%. Its total assets and total liabilities are ₹1.2B and ₹871.4M respectively. Vineet Laboratories's EBIT is ₹74.6M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹11.1M.
Key information
116.5%
Debt to equity ratio
₹406.20m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹11.08m |
| Equity | ₹348.52m |
| Total liabilities | ₹871.36m |
| Total assets | ₹1.22b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VINEETLAB's short term assets (₹940.3M) exceed its short term liabilities (₹799.5M).
Long Term Liabilities: VINEETLAB's short term assets (₹940.3M) exceed its long term liabilities (₹71.9M).
Debt to Equity History and Analysis
Debt Level: VINEETLAB's net debt to equity ratio (113.4%) is considered high.
Reducing Debt: Insufficient data to determine if VINEETLAB's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VINEETLAB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VINEETLAB's interest payments on its debt are not well covered by EBIT (2.9x coverage).