Deccan Transcon Leasing Balance Sheet Health
Financial Health criteria checks 3/6
Deccan Transcon Leasing has a total shareholder equity of ₹373.7M and total debt of ₹231.0M, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are ₹772.2M and ₹398.4M respectively. Deccan Transcon Leasing's EBIT is ₹169.3M making its interest coverage ratio 7.3. It has cash and short-term investments of ₹32.1M.
Key information
61.8%
Debt to equity ratio
₹230.96m
Debt
| Interest coverage ratio | 7.3x |
| Cash | ₹32.12m |
| Equity | ₹373.75m |
| Total liabilities | ₹398.41m |
| Total assets | ₹772.16m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: DECCANTRAN's short term assets (₹491.3M) exceed its short term liabilities (₹262.9M).
Long Term Liabilities: DECCANTRAN's short term assets (₹491.3M) exceed its long term liabilities (₹135.5M).
Debt to Equity History and Analysis
Debt Level: DECCANTRAN's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: DECCANTRAN's debt to equity ratio has increased from 52% to 61.8% over the past 5 years.
Debt Coverage: DECCANTRAN's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: DECCANTRAN's interest payments on its debt are well covered by EBIT (7.3x coverage).