Elnet Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Elnet Technologies has a total shareholder equity of ₹1.5B and total debt of ₹42.6M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ₹1.7B and ₹186.6M respectively. Elnet Technologies's EBIT is ₹146.7M making its interest coverage ratio -2. It has cash and short-term investments of ₹1.2B.
Key information
2.9%
Debt to equity ratio
₹42.63m
Debt
| Interest coverage ratio | -2x |
| Cash | ₹1.15b |
| Equity | ₹1.47b |
| Total liabilities | ₹186.64m |
| Total assets | ₹1.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517477's short term assets (₹1.2B) exceed its short term liabilities (₹147.0M).
Long Term Liabilities: 517477's short term assets (₹1.2B) exceed its long term liabilities (₹39.6M).
Debt to Equity History and Analysis
Debt Level: 517477 has more cash than its total debt.
Reducing Debt: 517477's debt to equity ratio has reduced from 5.3% to 2.9% over the past 5 years.
Debt Coverage: 517477's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 517477 earns more interest than it pays, so coverage of interest payments is not a concern.