Adani Green Energy Balance Sheet Health
Financial Health criteria checks 1/6
Adani Green Energy has a total shareholder equity of ₹220.4B and total debt of ₹656.1B, which brings its debt-to-equity ratio to 297.7%. Its total assets and total liabilities are ₹982.6B and ₹762.2B respectively. Adani Green Energy's EBIT is ₹61.3B making its interest coverage ratio 1.6. It has cash and short-term investments of ₹74.3B.
Key information
297.7%
Debt to equity ratio
₹656.06b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹74.31b |
| Equity | ₹220.35b |
| Total liabilities | ₹762.23b |
| Total assets | ₹982.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADANIGREEN's short term assets (₹115.9B) do not cover its short term liabilities (₹228.1B).
Long Term Liabilities: ADANIGREEN's short term assets (₹115.9B) do not cover its long term liabilities (₹534.1B).
Debt to Equity History and Analysis
Debt Level: ADANIGREEN's net debt to equity ratio (264%) is considered high.
Reducing Debt: ADANIGREEN's debt to equity ratio has reduced from 650.6% to 297.7% over the past 5 years.
Debt Coverage: ADANIGREEN's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: ADANIGREEN's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 18:29 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Adani Green Energy Limited is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sabri Hazarika | Emkay Global Financial Services Ltd. |
| Anuj Upadhyay | Investec Bank plc (UK) |
| Lavina Quadros | Jefferies LLC |