Veefin Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Veefin Solutions has a total shareholder equity of ₹1.3B and total debt of ₹51.2M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ₹1.5B and ₹187.0M respectively. Veefin Solutions's EBIT is ₹100.2M making its interest coverage ratio 54.1. It has cash and short-term investments of ₹315.0M.
Key information
4.1%
Debt to equity ratio
₹51.20m
Debt
| Interest coverage ratio | 54.1x |
| Cash | ₹315.00m |
| Equity | ₹1.26b |
| Total liabilities | ₹186.97m |
| Total assets | ₹1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543931's short term assets (₹482.1M) exceed its short term liabilities (₹103.4M).
Long Term Liabilities: 543931's short term assets (₹482.1M) exceed its long term liabilities (₹83.5M).
Debt to Equity History and Analysis
Debt Level: 543931 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 543931's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543931's debt is well covered by operating cash flow (138.7%).
Interest Coverage: 543931's interest payments on its debt are well covered by EBIT (54.1x coverage).