Zaggle Prepaid Ocean Services Balance Sheet Health
Financial Health criteria checks 4/6
Zaggle Prepaid Ocean Services has a total shareholder equity of ₹5.8B and total debt of ₹866.3M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are ₹7.0B and ₹1.2B respectively. Zaggle Prepaid Ocean Services's EBIT is ₹3.6B making its interest coverage ratio 31.5. It has cash and short-term investments of ₹2.8B.
Key information
15.1%
Debt to equity ratio
₹866.27m
Debt
| Interest coverage ratio | 31.5x |
| Cash | ₹2.80b |
| Equity | ₹5.75b |
| Total liabilities | ₹1.21b |
| Total assets | ₹6.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ZAGGLE's short term assets (₹5.9B) exceed its short term liabilities (₹948.8M).
Long Term Liabilities: ZAGGLE's short term assets (₹5.9B) exceed its long term liabilities (₹258.7M).
Debt to Equity History and Analysis
Debt Level: ZAGGLE has more cash than its total debt.
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 (31.5x coverage).