Austin Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Austin Engineering has a total shareholder equity of ₹607.5M and total debt of ₹13.4M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹943.6M and ₹336.1M respectively. Austin Engineering's EBIT is ₹28.1M making its interest coverage ratio 7. It has cash and short-term investments of ₹224.9M.
Key information
2.2%
Debt to equity ratio
₹13.41m
Debt
| Interest coverage ratio | 7x |
| Cash | ₹224.95m |
| Equity | ₹607.53m |
| Total liabilities | ₹336.10m |
| Total assets | ₹943.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522005's short term assets (₹781.8M) exceed its short term liabilities (₹239.6M).
Long Term Liabilities: 522005's short term assets (₹781.8M) exceed its long term liabilities (₹96.5M).
Debt to Equity History and Analysis
Debt Level: 522005 has more cash than its total debt.
Reducing Debt: 522005's debt to equity ratio has reduced from 14% to 2.2% over the past 5 years.
Debt Coverage: 522005's debt is well covered by operating cash flow (1109.8%).
Interest Coverage: 522005's interest payments on its debt are well covered by EBIT (7x coverage).