Harshil Agrotech Balance Sheet Health
Financial Health criteria checks 5/6
Harshil Agrotech has a total shareholder equity of ₹111.6M and total debt of ₹7.0M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ₹170.9M and ₹59.2M respectively. Harshil Agrotech's EBIT is ₹10.2M making its interest coverage ratio -3393. It has cash and short-term investments of ₹131.0K.
Key information
6.3%
Debt to equity ratio
₹6.98m
Debt
Interest coverage ratio | -3393x |
Cash | ₹131.00k |
Equity | ₹111.65m |
Total liabilities | ₹59.22m |
Total assets | ₹170.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505336's short term assets (₹167.5M) exceed its short term liabilities (₹52.2M).
Long Term Liabilities: 505336's short term assets (₹167.5M) exceed its long term liabilities (₹7.0M).
Debt to Equity History and Analysis
Debt Level: 505336's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 505336 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 505336's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 505336 earns more interest than it pays, so coverage of interest payments is not a concern.