Avantel Balance Sheet Health
Financial Health criteria checks 5/6
Avantel has a total shareholder equity of ₹2.0B and total debt of ₹116.5M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are ₹2.7B and ₹723.3M respectively. Avantel's EBIT is ₹813.4M making its interest coverage ratio 83.1. It has cash and short-term investments of ₹85.4M.
Key information
5.9%
Debt to equity ratio
₹116.55m
Debt
| Interest coverage ratio | 83.1x |
| Cash | ₹85.38m |
| Equity | ₹1.97b |
| Total liabilities | ₹723.31m |
| Total assets | ₹2.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AVANTEL's short term assets (₹1.9B) exceed its short term liabilities (₹663.6M).
Long Term Liabilities: AVANTEL's short term assets (₹1.9B) exceed its long term liabilities (₹59.7M).
Debt to Equity History and Analysis
Debt Level: AVANTEL's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: AVANTEL's debt to equity ratio has increased from 0% to 5.9% over the past 5 years.
Debt Coverage: AVANTEL's debt is well covered by operating cash flow (503.6%).
Interest Coverage: AVANTEL's interest payments on its debt are well covered by EBIT (83.1x coverage).