Fairfax India Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Fairfax India Holdings has a total shareholder equity of $2.8B and total debt of $498.0M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are $3.4B and $611.0M respectively. Fairfax India Holdings's EBIT is $224.1M making its interest coverage ratio 8.8. It has cash and short-term investments of $29.4M.
Key information
17.9%
Debt to equity ratio
US$497.96m
Debt
Interest coverage ratio | 8.8x |
Cash | US$29.41m |
Equity | US$2.78b |
Total liabilities | US$611.02m |
Total assets | US$3.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FFXD.F's short term assets ($34.2M) exceed its short term liabilities ($12.8M).
Long Term Liabilities: FFXD.F's short term assets ($34.2M) do not cover its long term liabilities ($598.2M).
Debt to Equity History and Analysis
Debt Level: FFXD.F's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: FFXD.F's debt to equity ratio has reduced from 26.4% to 17.9% over the past 5 years.
Debt Coverage: FFXD.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FFXD.F's interest payments on its debt are well covered by EBIT (8.8x coverage).