Dev Information Technology Balance Sheet Health
Financial Health criteria checks 5/6
Dev Information Technology has a total shareholder equity of ₹582.8M and total debt of ₹128.3M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are ₹954.9M and ₹372.0M respectively. Dev Information Technology's EBIT is ₹123.7M making its interest coverage ratio 8.7. It has cash and short-term investments of ₹60.6M.
Key information
22.0%
Debt to equity ratio
₹128.31m
Debt
Interest coverage ratio | 8.7x |
Cash | ₹60.64m |
Equity | ₹582.83m |
Total liabilities | ₹372.02m |
Total assets | ₹954.86m |
Recent financial health updates
No updates
Recent updates
Dev 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 08Financial Position Analysis
Short Term Liabilities: DEVIT's short term assets (₹650.5M) exceed its short term liabilities (₹310.1M).
Long Term Liabilities: DEVIT's short term assets (₹650.5M) exceed its long term liabilities (₹61.9M).
Debt to Equity History and Analysis
Debt Level: DEVIT's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: DEVIT's debt to equity ratio has reduced from 37% to 22% 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 (8.7x coverage).