Waa Solar Balance Sheet Health
Financial Health criteria checks 4/6
Waa Solar has a total shareholder equity of ₹1.8B and total debt of ₹620.1M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are ₹2.5B and ₹730.2M respectively. Waa Solar's EBIT is ₹4.8M making its interest coverage ratio 0.3. It has cash and short-term investments of ₹226.0M.
Key information
34.7%
Debt to equity ratio
₹620.09m
Debt
| Interest coverage ratio | 0.3x |
| Cash | ₹226.01m |
| Equity | ₹1.79b |
| Total liabilities | ₹730.16m |
| Total assets | ₹2.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541445's short term assets (₹851.3M) exceed its short term liabilities (₹275.5M).
Long Term Liabilities: 541445's short term assets (₹851.3M) exceed its long term liabilities (₹454.7M).
Debt to Equity History and Analysis
Debt Level: 541445's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: 541445's debt to equity ratio has reduced from 106.7% to 34.7% over the past 5 years.
Debt Coverage: 541445's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 541445's interest payments on its debt are not well covered by EBIT (0.3x coverage).