Vinyas Innovative Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Vinyas Innovative Technologies has a total shareholder equity of ₹1.4B and total debt of ₹938.7M, which brings its debt-to-equity ratio to 69.4%. Its total assets and total liabilities are ₹2.9B and ₹1.5B respectively. Vinyas Innovative Technologies's EBIT is ₹313.8M making its interest coverage ratio 3.8. It has cash and short-term investments of ₹80.4M.
Key information
69.4%
Debt to equity ratio
₹938.72m
Debt
| Interest coverage ratio | 3.8x |
| Cash | ₹80.35m |
| Equity | ₹1.35b |
| Total liabilities | ₹1.55b |
| Total assets | ₹2.90b |
Recent financial health updates
No updates
Recent updates
Vinyas Innovative Technologies Limited's (NSE:VINYAS) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Oct 09
Vinyas Innovative Technologies Limited's (NSE:VINYAS) 37% Share Price Surge Not Quite Adding Up
Jul 02Vinyas Innovative Technologies' (NSE:VINYAS) Earnings Are Of Questionable Quality
Jun 06Financial Position Analysis
Short Term Liabilities: VINYAS's short term assets (₹2.4B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: VINYAS's short term assets (₹2.4B) exceed its long term liabilities (₹106.0M).
Debt to Equity History and Analysis
Debt Level: VINYAS's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: Insufficient data to determine if VINYAS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VINYAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VINYAS's interest payments on its debt are well covered by EBIT (3.8x coverage).