{"id":582455,"date":"2023-06-06T11:54:37","date_gmt":"2023-06-06T06:24:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582455"},"modified":"2023-06-06T13:22:23","modified_gmt":"2023-06-06T07:52:23","slug":"adani-flags-improving-debt-metrics-to-bolster-confidence","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-flags-improving-debt-metrics-to-bolster-confidence\/","title":{"rendered":"Adani flags improving debt metrics to bolster confidence"},"content":{"rendered":"<p>Billionaire Gautam Adani\u2019s embattled conglomerate said its key debt metrics have improved, as it seeks to restore investor confidence after a US short seller attack earlier this year.<\/p>\n<p>Adani Group\u2019s net debt to earnings before interest, tax, depreciation and amortization improved to 3.27 times at the end of March compared with 3.81 times a year ago, while cash balance rose to Rs 40,350 crores, the company said in a report on Monday. <\/p>\n<p>The financial health of Adani companies has been under increased scrutiny after research firm CreditSights last year termed the ports-to-power conglomerate \u201cdeeply overleveraged.\u201d Questions intensified in January after US short seller Hindenburg Research accused the group of inflating revenues and manipulating stock prices. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani\u2019s embattled conglomerate said its key debt metrics have improved, as it seeks to restore investor confidence after a US short seller attack earlier this year. Adani Group\u2019s net debt to earnings before interest, tax, depreciation and amortization improved to 3.27 times at the end of March compared with 3.81 times a year ago, while cash balance rose to Rs 40,350 crores, the company said in a report on Monday. The financial health of Adani companies has been under increased scrutiny after research firm CreditSights last year termed the ports-to-power conglomerate \u201cdeeply overleveraged.\u201d Questions intensified in January after [&hellip;]<\/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-582455","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\/582455","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=582455"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582455\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}