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
Recent updates
Dredging Corporation of India Limited's (NSE:DREDGECORP) 26% Price Boost Is Out Of Tune With Earnings
Jan 16Returns On Capital Are Showing Encouraging Signs At Dredging Corporation of India (NSE:DREDGECORP)
Dec 12Is Now The Time To Put Dredging Corporation of India (NSE:DREDGECORP) On Your Watchlist?
Sep 19Investors Appear Satisfied With Dredging Corporation of India Limited's (NSE:DREDGECORP) Prospects As Shares Rocket 40%
Aug 23Returns At Dredging Corporation of India (NSE:DREDGECORP) Are On The Way Up
Aug 17We Think That There Are Issues Underlying Dredging Corporation of India's (NSE:DREDGECORP) Earnings
Nov 20Returns On Capital Signal Difficult Times Ahead For Dredging Corporation of India (NSE:DREDGECORP)
Oct 08Is Dredging Corporation of India (NSE:DREDGECORP) Using Too Much Debt?
Feb 02A Look At The Intrinsic Value Of Dredging Corporation of India Limited (NSE:DREDGECORP)
Mar 08Financial Position Analysis
Short Term Liabilities: DREDGECORP's short term assets (₹6.4B) do not cover its short term liabilities (₹6.7B).
Long Term Liabilities: DREDGECORP's short term assets (₹6.4B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: DREDGECORP's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: DREDGECORP's debt to equity ratio has reduced from 52.3% to 34.2% over the past 5 years.
Debt Coverage: DREDGECORP's debt is well covered by operating cash flow (28.2%).
Interest Coverage: DREDGECORP's interest payments on its debt are well covered by EBIT (4.1x coverage).