Dredging Corporation of India Balance Sheet Health
Financial Health criteria checks 5/6
Dredging of India has a total shareholder equity of ₹14.5B and total debt of ₹5.0B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ₹23.8B and ₹9.3B respectively. Dredging of India's EBIT is ₹730.0M making its interest coverage ratio 4.1. It has cash and short-term investments of ₹418.4M.
Key information
34.2%
Debt to equity ratio
₹4.97b
Debt
Interest coverage ratio | 4.1x |
Cash | ₹418.38m |
Equity | ₹14.52b |
Total liabilities | ₹9.29b |
Total assets | ₹23.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523618's short term assets (₹6.4B) do not cover its short term liabilities (₹6.7B).
Long Term Liabilities: 523618's short term assets (₹6.4B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 523618's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: 523618's debt to equity ratio has reduced from 52.3% to 34.2% over the past 5 years.
Debt Coverage: 523618's debt is well covered by operating cash flow (28.2%).
Interest Coverage: 523618's interest payments on its debt are well covered by EBIT (4.1x coverage).