Waa Solar Balance Sheet Health
Financial Health criteria checks 5/6
Waa Solar has a total shareholder equity of ₹2.0B and total debt of ₹851.7M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are ₹3.0B and ₹968.2M respectively. Waa Solar's EBIT is ₹199.7M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹128.0M.
Key information
42.1%
Debt to equity ratio
₹851.74m
Debt
Interest coverage ratio | 2.3x |
Cash | ₹127.97m |
Equity | ₹2.02b |
Total liabilities | ₹968.25m |
Total assets | ₹2.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541445's short term assets (₹1.1B) exceed its short term liabilities (₹324.3M).
Long Term Liabilities: 541445's short term assets (₹1.1B) exceed its long term liabilities (₹644.0M).
Debt to Equity History and Analysis
Debt Level: 541445's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: 541445's debt to equity ratio has reduced from 136.9% to 42.1% over the past 5 years.
Debt Coverage: 541445's debt is well covered by operating cash flow (48%).
Interest Coverage: 541445's interest payments on its debt are not well covered by EBIT (2.3x coverage).