Dredging Corporation of India Balance Sheet Health
Financial Health criteria checks 2/6
Dredging of India has a total shareholder equity of ₹11.9B and total debt of ₹7.5B, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are ₹25.5B and ₹13.6B respectively.
Key information
63.2%
Debt to equity ratio
₹7.52b
Debt
| Interest coverage ratio | n/a |
| Cash | ₹436.71m |
| Equity | ₹11.90b |
| Total liabilities | ₹13.57b |
| Total assets | ₹25.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523618's short term assets (₹5.7B) do not cover its short term liabilities (₹8.0B).
Long Term Liabilities: 523618's short term assets (₹5.7B) exceed its long term liabilities (₹5.5B).
Debt to Equity History and Analysis
Debt Level: 523618's net debt to equity ratio (59.5%) is considered high.
Reducing Debt: 523618's debt to equity ratio has increased from 37.9% to 63.2% over the past 5 years.
Debt Coverage: 523618's debt is well covered by operating cash flow (31.4%).
Interest Coverage: Insufficient data to determine if 523618's interest payments on its debt are well covered by EBIT.