Dev Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Dev Information Technology has a total shareholder equity of ₹448.3M and total debt of ₹96.4M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are ₹661.2M and ₹212.9M respectively. Dev Information Technology's EBIT is ₹112.0M making its interest coverage ratio 53. It has cash and short-term investments of ₹45.4M.
Key information
21.5%
Debt to equity ratio
₹96.38m
Debt
Interest coverage ratio | 53x |
Cash | ₹45.42m |
Equity | ₹448.32m |
Total liabilities | ₹212.88m |
Total assets | ₹661.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543462's short term assets (₹446.2M) exceed its short term liabilities (₹169.3M).
Long Term Liabilities: 543462's short term assets (₹446.2M) exceed its long term liabilities (₹43.5M).
Debt to Equity History and Analysis
Debt Level: 543462's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: 543462's debt to equity ratio has reduced from 36.7% to 21.5% over the past 5 years.
Debt Coverage: 543462's debt is well covered by operating cash flow (63%).
Interest Coverage: 543462's interest payments on its debt are well covered by EBIT (53x coverage).