Kaynes Technology India Balance Sheet Health
Financial Health criteria checks 5/6
Kaynes Technology India has a total shareholder equity of ₹26.0B and total debt of ₹6.8B, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are ₹38.0B and ₹12.0B respectively. Kaynes Technology India's EBIT is ₹2.8B making its interest coverage ratio 13.5. It has cash and short-term investments of ₹12.1B.
Key information
26.3%
Debt to equity ratio
₹6.83b
Debt
| Interest coverage ratio | 13.5x |
| Cash | ₹12.12b |
| Equity | ₹26.01b |
| Total liabilities | ₹11.95b |
| Total assets | ₹37.96b |
Recent financial health updates
Recent updates
Kaynes Technology India Limited Just Beat EPS By 9.9%: Here's What Analysts Think Will Happen Next
Jul 30
These 4 Measures Indicate That Kaynes Technology India (NSE:KAYNES) Is Using Debt Reasonably Well
Jul 14Some Investors May Be Worried About Kaynes Technology India's (NSE:KAYNES) Returns On Capital
Jun 22After Leaping 27% Kaynes Technology India Limited (NSE:KAYNES) Shares Are Not Flying Under The Radar
Jun 01Kaynes Technology India's (NSE:KAYNES) Performance Raises Some Questions
May 24Kaynes Technology India Limited (NSE:KAYNES) Not Flying Under The Radar
Mar 26Here's Why We Think Kaynes Technology India (NSE:KAYNES) Is Well Worth Watching
Dec 08Industry Analysts Just Upgraded Their Kaynes Technology India Limited (NSE:KAYNES) Revenue Forecasts By 7.1%
Aug 02Kaynes Technology India Limited's (NSE:KAYNES) Price In Tune With Earnings
Apr 10Financial Position Analysis
Short Term Liabilities: KAYNES's short term assets (₹27.0B) exceed its short term liabilities (₹11.2B).
Long Term Liabilities: KAYNES's short term assets (₹27.0B) exceed its long term liabilities (₹756.5M).
Debt to Equity History and Analysis
Debt Level: KAYNES has more cash than its total debt.
Reducing Debt: KAYNES's debt to equity ratio has reduced from 157% to 26.3% over the past 5 years.
Debt Coverage: KAYNES's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KAYNES's interest payments on its debt are well covered by EBIT (13.5x coverage).