Waaree Energies Balance Sheet Health
Financial Health criteria checks 6/6
Waaree Energies has a total shareholder equity of ₹49.3B and total debt of ₹7.4B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are ₹140.3B and ₹91.1B respectively. Waaree Energies's EBIT is ₹13.6B making its interest coverage ratio -38.7. It has cash and short-term investments of ₹39.3B.
Key information
15.0%
Debt to equity ratio
₹7.38b
Debt
| Interest coverage ratio | -38.7x |
| Cash | ₹39.26b |
| Equity | ₹49.28b |
| Total liabilities | ₹91.07b |
| Total assets | ₹140.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAAREEENER's short term assets (₹87.7B) exceed its short term liabilities (₹78.7B).
Long Term Liabilities: WAAREEENER's short term assets (₹87.7B) exceed its long term liabilities (₹12.3B).
Debt to Equity History and Analysis
Debt Level: WAAREEENER has more cash than its total debt.
Reducing Debt: WAAREEENER's debt to equity ratio has reduced from 44.1% to 15% over the past 5 years.
Debt Coverage: WAAREEENER's debt is well covered by operating cash flow (528.4%).
Interest Coverage: WAAREEENER earns more interest than it pays, so coverage of interest payments is not a concern.