Vineet Laboratories Balance Sheet Health
Financial Health criteria checks 2/6
Vineet Laboratories has a total shareholder equity of ₹325.9M and total debt of ₹423.4M, which brings its debt-to-equity ratio to 129.9%. Its total assets and total liabilities are ₹1.1B and ₹785.1M respectively. Vineet Laboratories's EBIT is ₹36.3M making its interest coverage ratio 0.7. It has cash and short-term investments of ₹14.6M.
Key information
129.9%
Debt to equity ratio
₹423.40m
Debt
| Interest coverage ratio | 0.7x |
| Cash | ₹14.55m |
| Equity | ₹325.94m |
| Total liabilities | ₹785.14m |
| Total assets | ₹1.11b |
Recent financial health updates
Vineet Laboratories (NSE:VINEETLAB) Seems To Be Using A Lot Of Debt
Jul 12
We Think Vineet Laboratories (NSE:VINEETLAB) Is Taking Some Risk With Its Debt
Feb 15Recent updates
Vineet Laboratories (NSE:VINEETLAB) Seems To Be Using A Lot Of Debt
Jul 12Earnings Working Against Vineet Laboratories Limited's (NSE:VINEETLAB) Share Price Following 25% Dive
Mar 07We Think Vineet Laboratories (NSE:VINEETLAB) Is Taking Some Risk With Its Debt
Feb 15With EPS Growth And More, Vineet Laboratories (NSE:VINEETLAB) Makes An Interesting Case
Nov 14Financial Position Analysis
Short Term Liabilities: VINEETLAB's short term assets (₹828.0M) exceed its short term liabilities (₹709.5M).
Long Term Liabilities: VINEETLAB's short term assets (₹828.0M) exceed its long term liabilities (₹75.6M).
Debt to Equity History and Analysis
Debt Level: VINEETLAB's net debt to equity ratio (125.4%) 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 (0.7x coverage).