Avantel Balance Sheet Health
Financial Health criteria checks 5/6
Avantel has a total shareholder equity of ₹1.6B and total debt of ₹115.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are ₹2.2B and ₹517.3M respectively. Avantel's EBIT is ₹743.0M making its interest coverage ratio 28.4. It has cash and short-term investments of ₹39.0M.
Key information
7.0%
Debt to equity ratio
₹115.04m
Debt
Interest coverage ratio | 28.4x |
Cash | ₹38.96m |
Equity | ₹1.64b |
Total liabilities | ₹517.26m |
Total assets | ₹2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532406's short term assets (₹1.5B) exceed its short term liabilities (₹451.2M).
Long Term Liabilities: 532406's short term assets (₹1.5B) exceed its long term liabilities (₹66.1M).
Debt to Equity History and Analysis
Debt Level: 532406's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 532406's debt to equity ratio has increased from 0% to 7% over the past 5 years.
Debt Coverage: 532406's debt is well covered by operating cash flow (566.6%).
Interest Coverage: 532406's interest payments on its debt are well covered by EBIT (28.4x coverage).