Akar Auto Industries Balance Sheet Health
Financial Health criteria checks 4/6
Akar Auto Industries has a total shareholder equity of ₹421.8M and total debt of ₹612.7M, which brings its debt-to-equity ratio to 145.2%. Its total assets and total liabilities are ₹2.0B and ₹1.6B respectively. Akar Auto Industries's EBIT is ₹200.1M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹34.6M.
Key information
145.2%
Debt to equity ratio
₹612.67m
Debt
Interest coverage ratio | 2.3x |
Cash | ₹34.59m |
Equity | ₹421.84m |
Total liabilities | ₹1.60b |
Total assets | ₹2.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530621's short term assets (₹1.5B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: 530621's short term assets (₹1.5B) exceed its long term liabilities (₹314.0M).
Debt to Equity History and Analysis
Debt Level: 530621's net debt to equity ratio (137%) is considered high.
Reducing Debt: 530621's debt to equity ratio has reduced from 199.1% to 145.2% over the past 5 years.
Debt Coverage: 530621's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 530621's interest payments on its debt are not well covered by EBIT (2.3x coverage).