Thakkers Developers Balance Sheet Health
Financial Health criteria checks 6/6
Thakkers Developers has a total shareholder equity of ₹1.5B and total debt of ₹341.9M, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are ₹2.4B and ₹976.7M respectively. Thakkers Developers's EBIT is ₹79.5M making its interest coverage ratio 12.4. It has cash and short-term investments of ₹347.3M.
Key information
23.3%
Debt to equity ratio
₹341.93m
Debt
Interest coverage ratio | 12.4x |
Cash | ₹347.27m |
Equity | ₹1.46b |
Total liabilities | ₹976.68m |
Total assets | ₹2.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526654's short term assets (₹1.5B) exceed its short term liabilities (₹367.1M).
Long Term Liabilities: 526654's short term assets (₹1.5B) exceed its long term liabilities (₹609.6M).
Debt to Equity History and Analysis
Debt Level: 526654 has more cash than its total debt.
Reducing Debt: 526654's debt to equity ratio has reduced from 37.3% to 23.3% over the past 5 years.
Debt Coverage: 526654's debt is well covered by operating cash flow (25%).
Interest Coverage: 526654's interest payments on its debt are well covered by EBIT (12.4x coverage).