Zaggle Prepaid Ocean Services Balance Sheet Health
Financial Health criteria checks 3/6
Zaggle Prepaid Ocean Services has a total shareholder equity of ₹487.5M and total debt of ₹1.2B, which brings its debt-to-equity ratio to 248.3%. Its total assets and total liabilities are ₹2.3B and ₹1.9B respectively. Zaggle Prepaid Ocean Services's EBIT is ₹419.0M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹217.2M.
Key information
248.3%
Debt to equity ratio
₹1.21b
Debt
Interest coverage ratio | 5.4x |
Cash | ₹217.21m |
Equity | ₹487.51m |
Total liabilities | ₹1.86b |
Total assets | ₹2.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZAGGLE's short term assets (₹1.8B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: ZAGGLE's short term assets (₹1.8B) exceed its long term liabilities (₹683.4M).
Debt to Equity History and Analysis
Debt Level: ZAGGLE's net debt to equity ratio (203.8%) is considered high.
Reducing Debt: Insufficient data to determine if ZAGGLE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ZAGGLE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ZAGGLE's interest payments on its debt are well covered by EBIT (5.4x coverage).