Financial Health Assessment of Selected Pharmaceutical Firms: An Empirical Analysis

Author(s)	Ms. Renu, Dr. Nishtha Sheoran
Country	India
Abstract	This study presents a comprehensive empirical evaluation of the financial health of twenty selected pharmaceutical companies over a ten-year period, using key financial ratios such as Debt-to-Equity, Interest Coverage etc. The analysis employs descriptive statistics and one-way ANOVA to identify inter-firm differences and assess financial stability, operational efficiency, and capital structure dynamics. Results from Levene’s Test confirm significant variance heterogeneity across firms, while ANOVA findings reveal statistically significant differences in financial performance metrics, underscoring the diversity in strategic financial management within the sector. The study highlights which firms consistently demonstrate financial resilience and which exhibit volatility, offering insights for investors, policymakers, and corporate strategists aiming to benchmark and strengthen financial practices in the pharmaceutical domain.
Keywords	Financial Analysis, Ratio Analysis, Pharmaceutical Companies, Factor Analysis etc.
Published In	Volume 7, Issue 6, November-December 2025
Published On	2025-11-27
DOI	https://doi.org/10.36948/ijfmr.2025.v07i06.61221
Short DOI	https://doi.org/hbdrjd

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