Anik Industries Balance Sheet Health
Financial Health criteria checks 6/6
Anik Industries has a total shareholder equity of ₹4.0B and total debt of ₹73.4M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ₹4.4B and ₹341.0M respectively. Anik Industries's EBIT is ₹63.0M making its interest coverage ratio 7. It has cash and short-term investments of ₹16.8M.
Key information
1.8%
Debt to equity ratio
₹73.38m
Debt
Interest coverage ratio | 7x |
Cash | ₹16.78m |
Equity | ₹4.02b |
Total liabilities | ₹340.98m |
Total assets | ₹4.36b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519383's short term assets (₹1.7B) exceed its short term liabilities (₹299.1M).
Long Term Liabilities: 519383's short term assets (₹1.7B) exceed its long term liabilities (₹41.9M).
Debt to Equity History and Analysis
Debt Level: 519383's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 519383's debt to equity ratio has reduced from 16.4% to 1.8% over the past 5 years.
Debt Coverage: 519383's debt is well covered by operating cash flow (598.6%).
Interest Coverage: 519383's interest payments on its debt are well covered by EBIT (7x coverage).