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
Not Many Are Piling Into Dev Information Technology Limited (NSE:DEVIT) Stock Yet As It Plummets 30%
Mar 13
Dev 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 (₹446.2M) exceed its short term liabilities (₹169.3M).
Long Term Liabilities: DEVIT's short term assets (₹446.2M) exceed its long term liabilities (₹43.5M).
Debt to Equity History and Analysis
Debt Level: DEVIT's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: DEVIT's debt to equity ratio has reduced from 36.7% to 21.5% over the past 5 years.
Debt Coverage: DEVIT's debt is well covered by operating cash flow (63%).
Interest Coverage: DEVIT's interest payments on its debt are well covered by EBIT (53x coverage).