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 ₹231.5M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are ₹1.1B and ₹404.2M respectively. Dev Information Technology's EBIT is ₹109.8M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹56.4M.
Key information
35.3%
Debt to equity ratio
₹231.49m
Debt
| Interest coverage ratio | 7.4x |
| Cash | ₹56.39m |
| Equity | ₹656.59m |
| Total liabilities | ₹404.17m |
| Total assets | ₹1.06b |
Recent financial health updates
No updates
Recent updates
Dev Information Technology (NSE:DEVIT) Is Paying Out A Dividend Of ₹0.25
Sep 22
Dev 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 (26.7%) is considered satisfactory.
Reducing Debt: DEVIT's debt to equity ratio has increased from 34.5% to 35.3% 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 (7.4x coverage).