Dev Information Technology Balance Sheet Health
Financial Health criteria checks 4/6
Dev Information Technology has a total shareholder equity of ₹656.6M and total debt of ₹248.3M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are ₹1.1B and ₹404.2M respectively. Dev Information Technology's EBIT is ₹111.7M making its interest coverage ratio 6.7. It has cash and short-term investments of ₹56.4M.
Key information
37.8%
Debt to equity ratio
₹248.35m
Debt
| Interest coverage ratio | 6.7x |
| Cash | ₹56.39m |
| Equity | ₹656.59m |
| Total liabilities | ₹404.17m |
| Total assets | ₹1.06b |
Recent financial health updates
Recent updates
Is Dev Information Technology (NSE:DEVIT) A Risky Investment?
Jan 29
Dev Information Technology Limited's (NSE:DEVIT) Shares Leap 26% Yet They're Still Not Telling The Full Story
Nov 24Dev Information Technology (NSE:DEVIT) Is Paying Out A Dividend Of ₹0.25
Sep 22Dev Information Technology (NSE:DEVIT) Will Pay A Dividend Of ₹0.25
Sep 08Optimistic Investors Push Dev Information Technology Limited (NSE:DEVIT) Shares Up 27% But Growth Is Lacking
Jul 05Dev Information Technology's (NSE:DEVIT) Profits Appear To Have Quality Issues
Jun 07Here's Why We Think Dev Information Technology (NSE:DEVIT) Might Deserve Your Attention Today
May 09Not Many Are Piling Into Dev Information Technology Limited (NSE:DEVIT) Stock Yet As It Plummets 30%
Mar 13Dev Information Technology Limited's (NSE:DEVIT) P/E Is Still On The Mark Following 29% Share Price Bounce
Dec 23Here's Why We Think Dev Information Technology (NSE:DEVIT) Might Deserve Your Attention Today
Dec 16It's Unlikely That Dev Information Technology Limited's (NSE:DEVIT) CEO Will See A Huge Pay Rise This Year
Sep 24Does Dev Information Technology (NSE:DEVIT) Deserve A Spot On Your Watchlist?
Jun 29Has Dev Information Technology Limited's (NSE:DEVIT) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Feb 08
Financial Position Analysis
Short Term Liabilities: DEVIT's short term assets (₹750.5M) exceed its short term liabilities (₹333.4M).
Long Term Liabilities: DEVIT's short term assets (₹750.5M) exceed its long term liabilities (₹70.8M).
Debt to Equity History and Analysis
Debt Level: DEVIT's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: DEVIT's debt to equity ratio has increased from 32.3% to 37.8% over the past 5 years.
Debt Coverage: DEVIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DEVIT's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/21 05:46 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Dev Information Technology Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.