Azure Power Global Balance Sheet Health
Financial Health criteria checks 2/6
Azure Power Global has a total shareholder equity of ₹32.8B and total debt of ₹123.0B, which brings its debt-to-equity ratio to 375.2%. Its total assets and total liabilities are ₹179.9B and ₹147.2B respectively. Azure Power Global's EBIT is ₹8.4B making its interest coverage ratio 0.8. It has cash and short-term investments of ₹7.5B.
Key information
375.2%
Debt to equity ratio
₹123.00b
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₹7.47b |
| Equity | ₹32.79b |
| Total liabilities | ₹147.15b |
| Total assets | ₹179.94b |
Recent financial health updates
Recent updates
Azure Power receives NYSE grant of extension FOR delayed filing of annual report
Feb 16Assured Growth With Azure
Mar 10Azure Power Global (NYSE:AZRE) Hasn't Managed To Accelerate Its Returns
Dec 07
Azure Power Global (NYSE:AZRE) Shareholders Will Want The ROCE Trajectory To Continue
Aug 21Azure Power reports Q4 results
Jun 15Azure Power Global (NYSE:AZRE) Might Have The Makings Of A Multi-Bagger
May 08What Type Of Shareholders Own The Most Number of Azure Power Global Limited (NYSE:AZRE) Shares?
Feb 27What Do The Returns At Azure Power Global (NYSE:AZRE) Mean Going Forward?
Jan 23Azure Power: This Well-Financed Solar Company Has Potential
Dec 23Azure Power Global Limited 2021 Q2 - Results - Earnings Call Presentation
Nov 11What We Make Of Azure Power Global's (NYSE:AZRE) Returns On Capital
Jul 12
Financial Position Analysis
Short Term Liabilities: AZRE.F's short term assets (₹27.6B) do not cover its short term liabilities (₹55.6B).
Long Term Liabilities: AZRE.F's short term assets (₹27.6B) do not cover its long term liabilities (₹91.6B).
Debt to Equity History and Analysis
Debt Level: AZRE.F's net debt to equity ratio (352.4%) is considered high.
Reducing Debt: AZRE.F's debt to equity ratio has increased from 282.6% to 375.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AZRE.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AZRE.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.7% per year.