With a gross total debt of Rs 2.2 lakh crore by March-end, the Adani Group is among the most indebted businesses in India. <\/p>\n
Using debt financing to expand its business, the company’s gross debt was up by a whopping 42 per cent year-on-year, according to a report by Business Standard.<\/p>\n
The group’s debt-to-equity ratio was at a four-year high of 2.36, up from 2.02 a year ago, the publication’s data showed. <\/p>\n
However, despite the high headline debt, the group’s debt-servicing capacity has seen a major improvement on the back of earnings, analysts told the publication. Also, a decline in interest rates in the past two years due to the pandemic has also meant low growth in interest costs despite higher borrowings.<\/p>\n","protected":false},"excerpt":{"rendered":"
With a gross total debt of Rs 2.2 lakh crore by March-end, the Adani Group is among the most indebted businesses in India. Using debt financing to expand its business, the company’s gross debt was up by a whopping 42 per cent year-on-year, according to a report by Business Standard. The group’s debt-to-equity ratio was at a four-year high of 2.36, up from 2.02 a year ago, the publication’s data showed. However, despite the high headline debt, the group’s debt-servicing capacity has seen a major improvement on the back of earnings, analysts told the publication. Also, a decline in interest […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-492147","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=492147"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492147\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}