Avantel Balance Sheet Health
Financial Health criteria checks 5/6
Avantel has a total shareholder equity of ₹1.6B and total debt of ₹175.1M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are ₹2.2B and ₹517.3M respectively. Avantel's EBIT is ₹729.2M making its interest coverage ratio 41.1. It has cash and short-term investments of ₹39.0M.
Key information
10.7%
Debt to equity ratio
₹175.06m
Debt
| Interest coverage ratio | 41.1x |
| 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: AVANTEL's short term assets (₹1.5B) exceed its short term liabilities (₹451.2M).
Long Term Liabilities: AVANTEL's short term assets (₹1.5B) exceed its long term liabilities (₹66.1M).
Debt to Equity History and Analysis
Debt Level: AVANTEL's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: AVANTEL's debt to equity ratio has increased from 0% to 10.7% over the past 5 years.
Debt Coverage: AVANTEL's debt is well covered by operating cash flow (372.3%).
Interest Coverage: AVANTEL's interest payments on its debt are well covered by EBIT (41.1x coverage).