Kinetic Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Kinetic Engineering has a total shareholder equity of ₹621.5M and total debt of ₹399.0M, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are ₹1.7B and ₹1.0B respectively. Kinetic Engineering's EBIT is ₹19.4M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹79.4M.
Key information
64.2%
Debt to equity ratio
₹399.00m
Debt
Interest coverage ratio | 0.5x |
Cash | ₹79.40m |
Equity | ₹621.50m |
Total liabilities | ₹1.03b |
Total assets | ₹1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500240's short term assets (₹905.3M) exceed its short term liabilities (₹841.3M).
Long Term Liabilities: 500240's short term assets (₹905.3M) exceed its long term liabilities (₹191.2M).
Debt to Equity History and Analysis
Debt Level: 500240's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 500240's debt to equity ratio has reduced from 203.6% to 64.2% over the past 5 years.
Debt Coverage: 500240's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 500240's interest payments on its debt are not well covered by EBIT (0.5x coverage).