India Grid Trust Balance Sheet Health
Financial Health criteria checks 0/6
India Grid Trust has a total shareholder equity of ₹51.0B and total debt of ₹187.1B, which brings its debt-to-equity ratio to 366.9%. Its total assets and total liabilities are ₹248.4B and ₹197.4B respectively. India Grid Trust's EBIT is ₹15.7B making its interest coverage ratio 1.3. It has cash and short-term investments of ₹17.9B.
Key information
366.9%
Debt to equity ratio
₹187.10b
Debt
Interest coverage ratio | 1.3x |
Cash | ₹17.91b |
Equity | ₹50.99b |
Total liabilities | ₹197.42b |
Total assets | ₹248.41b |
Recent financial health updates
Recent updates
India Grid Trust (NSE:INDIGRID) Is Increasing Its Dividend To ₹3.30
Jan 28India Grid Trust's (NSE:INDIGRID) Upcoming Dividend Will Be Larger Than Last Year's
Jul 29India Grid Trust (NSE:INDIGRID) Will Pay A Larger Dividend Than Last Year At ₹3.19
Oct 29Weak Statutory Earnings May Not Tell The Whole Story For India Grid Trust (NSE:INDIGRID)
Jun 03Is India Grid Trust (NSE:INDIGRID) A Good Fit For Your Dividend Portfolio?
May 05How Much Are India Grid Trust (NSE:INDIGRID) Insiders Spending On Buying Shares?
Mar 14Could The India Grid Trust (NSE:INDIGRID) Ownership Structure Tell Us Something Useful?
Feb 24Key Things To Consider Before Buying India Grid Trust (NSE:INDIGRID) For Its Dividend
Feb 04Does India Grid Trust (NSE:INDIGRID) Have A Healthy Balance Sheet?
Jan 17How Good Is India Grid Trust (NSE:INDIGRID), When It Comes To ROE?
Dec 27What Is The Ownership Structure Like For India Grid Trust (NSE:INDIGRID)?
Nov 26Update: India Grid Trust (NSE:INDIGRID) Stock Gained 15% In The Last Year
Oct 23How Good Is India Grid Trust (NSE:INDIGRID), When It Comes To ROE?
Sep 01Financial Position Analysis
Short Term Liabilities: INDIGRID's short term assets (₹27.6B) do not cover its short term liabilities (₹31.0B).
Long Term Liabilities: INDIGRID's short term assets (₹27.6B) do not cover its long term liabilities (₹166.4B).
Debt to Equity History and Analysis
Debt Level: INDIGRID's net debt to equity ratio (331.8%) is considered high.
Reducing Debt: INDIGRID's debt to equity ratio has increased from 95.1% to 366.9% over the past 5 years.
Debt Coverage: INDIGRID's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: INDIGRID's interest payments on its debt are not well covered by EBIT (1.3x coverage).