HOV Services Balance Sheet Health
Financial Health criteria checks 4/6
HOV Services has a total shareholder equity of ₹228.4M and total debt of ₹10.5M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are ₹356.9M and ₹128.5M respectively. HOV Services's EBIT is ₹34.0M making its interest coverage ratio -6.7. It has cash and short-term investments of ₹108.9M.
Key information
4.6%
Debt to equity ratio
₹10.48m
Debt
| Interest coverage ratio | -6.7x |
| Cash | ₹108.92m |
| Equity | ₹228.42m |
| Total liabilities | ₹128.46m |
| Total assets | ₹356.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532761's short term assets (₹198.1M) exceed its short term liabilities (₹121.4M).
Long Term Liabilities: 532761's short term assets (₹198.1M) exceed its long term liabilities (₹7.0M).
Debt to Equity History and Analysis
Debt Level: 532761 has more cash than its total debt.
Reducing Debt: 532761's debt to equity ratio has increased from 1% to 4.6% over the past 5 years.
Debt Coverage: 532761's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532761 earns more interest than it pays, so coverage of interest payments is not a concern.