Variman Global Enterprises Balance Sheet Health
Financial Health criteria checks 2/6
Variman Global Enterprises has a total shareholder equity of ₹356.4M and total debt of ₹309.8M, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are ₹831.2M and ₹474.8M respectively. Variman Global Enterprises's EBIT is ₹4.8M making its interest coverage ratio 0.2. It has cash and short-term investments of ₹8.0M.
Key information
86.9%
Debt to equity ratio
₹309.80m
Debt
Interest coverage ratio | 0.2x |
Cash | ₹7.98m |
Equity | ₹356.42m |
Total liabilities | ₹474.83m |
Total assets | ₹831.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540570's short term assets (₹692.4M) exceed its short term liabilities (₹306.4M).
Long Term Liabilities: 540570's short term assets (₹692.4M) exceed its long term liabilities (₹168.4M).
Debt to Equity History and Analysis
Debt Level: 540570's net debt to equity ratio (84.7%) is considered high.
Reducing Debt: 540570's debt to equity ratio has increased from 84.6% to 86.9% over the past 5 years.
Debt Coverage: 540570's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540570's interest payments on its debt are not well covered by EBIT (0.2x coverage).