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Azure Power Global Ltd (AZREF)
:AZREF
US Market
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Azure Power Global (AZREF) Ratios

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Azure Power Global Ratios

AZREF's free cash flow for Q4 2024 was ₹0.90. For the 2024 fiscal year, AZREF's free cash flow was decreased by ₹ and operating cash flow was ₹0.31. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.46 0.50 1.06 1.15 1.10
Quick Ratio
1.46 0.50 1.06 1.15 1.10
Cash Ratio
0.43 0.13 0.49 0.45 0.25
Solvency Ratio
0.01 <0.01 0.01 1.83 1.85
Operating Cash Flow Ratio
0.36 0.06 0.30 0.18 0.20
Short-Term Operating Cash Flow Coverage
0.69 0.07 0.46 <0.01 <0.01
Net Current Asset Value
₹ -113.57B₹ -119.60B₹ -127.15B₹ -1.59B₹ -1.34B
Leverage Ratios
Debt-to-Assets Ratio
0.71 0.70 0.71 0.70 0.72
Debt-to-Equity Ratio
4.04 3.94 3.87 3.41 4.42
Debt-to-Capital Ratio
0.80 0.80 0.79 0.77 0.82
Long-Term Debt-to-Capital Ratio
0.78 0.71 0.77 1.00 1.00
Financial Leverage Ratio
5.68 5.58 5.46 4.90 6.12
Debt Service Coverage Ratio
1.11 0.22 0.42 0.76 0.56
Interest Coverage Ratio
0.00 0.65 0.92 0.80 0.79
Debt to Market Cap
21.07 19.17 10.02 2.00 1.09
Interest Debt Per Share
1.93K 2.16K 2.26K 37.91 33.17
Net Debt to EBITDA
9.49 9.10 8.74 0.13 0.18
Profitability Margins
Gross Profit Margin
91.16%91.00%91.20%71.30%70.71%
EBIT Margin
36.26%39.39%48.13%3561.56%2189.63%
EBITDA Margin
59.03%61.51%67.52%5051.27%3749.76%
Operating Profit Margin
34.66%36.47%42.62%58.03%48.58%
Pretax Profit Margin
-17.43%-15.12%1.64%-6.42%-28.14%
Net Profit Margin
-15.26%-15.70%-11.01%-11.47%-27.61%
Continuous Operations Profit Margin
-15.20%-15.97%-11.19%-863.68%-2046.87%
Net Income Per EBT
87.53%103.85%-670.09%178.76%98.09%
EBT Per EBIT
-50.28%-41.45%3.86%-11.06%-57.93%
Return on Assets (ROA)
-1.80%-1.86%-1.20%-1.12%-2.79%
Return on Equity (ROE)
-9.97%-10.38%-6.55%-5.50%-17.08%
Return on Capital Employed (ROCE)
4.63%6.25%5.38%6.60%5.86%
Return on Invested Capital (ROIC)
4.88%4.81%-33.11%1.38%0.63%
Return on Tangible Assets
-1.80%-1.86%-1.20%-1.12%-2.79%
Earnings Yield
-55.09%-52.13%-17.41%-0.04%-0.06%
Efficiency Ratios
Receivables Turnover
4.43 4.32 3.63 0.04 0.04
Payables Turnover
1.66 1.34 1.21 0.02 0.01
Inventory Turnover
226.75 147.46 140.38 0.00 60.12M
Fixed Asset Turnover
0.15 0.15 0.14 0.13 0.13
Asset Turnover
0.12 0.12 0.11 0.10 0.10
Working Capital Turnover Ratio
-2.18 -1.62 24.33 5.78 2.23
Cash Conversion Cycle
-135.66 -185.12 -197.70 -9.50K -17.38K
Days of Sales Outstanding
82.45 84.49 100.50 8.96K 8.69K
Days of Inventory Outstanding
1.61 2.48 2.60 0.00 <0.01
Days of Payables Outstanding
219.72 272.08 300.80 18.46K 26.07K
Operating Cycle
84.06 86.96 103.10 8.96K 8.69K
Cash Flow Ratios
Operating Cash Flow Per Share
112.33 52.11 124.01 1.21 1.40
Free Cash Flow Per Share
105.24 45.80 31.23 -9.57 -3.91
CapEx Per Share
7.09 6.14 92.77 10.79 5.31
Free Cash Flow to Operating Cash Flow
0.94 0.88 0.25 -7.89 -2.80
Dividend Paid and CapEx Coverage Ratio
15.84 8.49 1.34 0.11 0.26
Capital Expenditure Coverage Ratio
15.84 8.49 1.34 0.11 0.26
Operating Cash Flow Coverage Ratio
0.06 0.03 0.06 0.04 0.05
Operating Cash Flow to Sales Ratio
0.35 0.16 0.38 0.25 0.33
Free Cash Flow Yield
118.78%45.81%15.27%-0.76%-0.20%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-1.82 -1.92 -5.74 -2.28K -1.68K
Price-to-Sales (P/S) Ratio
0.28 0.30 0.63 261.14 464.88
Price-to-Book (P/B) Ratio
0.19 0.20 0.38 125.17 287.69
Price-to-Free Cash Flow (P/FCF) Ratio
0.84 2.18 6.55 -131.97 -508.03
Price-to-Operating Cash Flow Ratio
0.79 1.92 1.65 1.04K 1.42K
Price-to-Earnings Growth (PEG) Ratio
-0.02 -0.04 >-0.01 43.33 -28.32
Price-to-Fair Value
0.19 0.20 0.38 125.17 287.69
Enterprise Value Multiple
9.96 9.59 9.68 5.30 12.58
Enterprise Value
120.62B 125.73B 135.54B 65.87B 96.79B
EV to EBITDA
9.96 9.59 9.68 5.30 12.58
EV to Sales
5.88 5.90 6.53 267.60 471.62
EV to Free Cash Flow
17.86 42.78 67.64 -135.24 -515.39
EV to Operating Cash Flow
16.74 37.60 17.03 1.07K 1.44K
Tangible Book Value Per Share
479.83 510.82 553.78 10.26 6.96
Shareholders’ Equity Per Share
476.82 502.12 544.05 10.09 6.91
Tax and Other Ratios
Effective Tax Rate
-0.13 -0.06 7.81 -0.81 0.02
Revenue Per Share
319.87 332.06 323.35 4.84 4.28
Net Income Per Share
-48.80 -52.13 -35.61 -0.56 -1.18
Tax Burden
0.88 1.04 -6.70 1.79 0.98
Interest Burden
-0.48 -0.38 0.03 >-0.01 -0.01
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.33 0.30 0.23 8.40 14.56
Stock-Based Compensation to Revenue
>-0.01 >-0.01 -0.03 -1.20 4.88
Income Quality
-2.30 -0.98 -3.43 -2.18 -1.18
Currency in INR
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