Onward Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Onward Technologies has a total shareholder equity of ₹1.9B and total debt of ₹147.1M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are ₹2.5B and ₹612.0M respectively. Onward Technologies's EBIT is ₹421.8M making its interest coverage ratio -54.4. It has cash and short-term investments of ₹234.4M.
Key information
7.7%
Debt to equity ratio
₹147.10m
Debt
Interest coverage ratio | -54.4x |
Cash | ₹234.36m |
Equity | ₹1.90b |
Total liabilities | ₹611.98m |
Total assets | ₹2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 517536's short term assets (₹1.7B) exceed its short term liabilities (₹476.0M).
Long Term Liabilities: 517536's short term assets (₹1.7B) exceed its long term liabilities (₹136.0M).
Debt to Equity History and Analysis
Debt Level: 517536 has more cash than its total debt.
Reducing Debt: 517536's debt to equity ratio has reduced from 38% to 7.7% over the past 5 years.
Debt Coverage: 517536's debt is well covered by operating cash flow (312.1%).
Interest Coverage: 517536 earns more interest than it pays, so coverage of interest payments is not a concern.