Veejay Lakshmi Engineering Works Balance Sheet Health
Financial Health criteria checks 2/6
Veejay Lakshmi Engineering Works has a total shareholder equity of ₹207.5M and total debt of ₹278.7M, which brings its debt-to-equity ratio to 134.3%. Its total assets and total liabilities are ₹596.4M and ₹388.9M respectively.
Key information
134.3%
Debt to equity ratio
₹278.71m
Debt
Interest coverage ratio | n/a |
Cash | ₹4.23m |
Equity | ₹207.48m |
Total liabilities | ₹388.90m |
Total assets | ₹596.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522267's short term assets (₹165.6M) do not cover its short term liabilities (₹175.8M).
Long Term Liabilities: 522267's short term assets (₹165.6M) do not cover its long term liabilities (₹213.1M).
Debt to Equity History and Analysis
Debt Level: 522267's net debt to equity ratio (132.3%) is considered high.
Reducing Debt: 522267's debt to equity ratio has increased from 32.1% to 134.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 522267 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 522267 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1% per year.