Artefact Projects Balance Sheet Health
Financial Health criteria checks 4/6
Artefact Projects has a total shareholder equity of ₹592.9M and total debt of ₹100.8M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹981.7M and ₹388.8M respectively. Artefact Projects's EBIT is ₹27.2M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹40.0M.
Key information
17.0%
Debt to equity ratio
₹100.80m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹40.05m |
| Equity | ₹592.90m |
| Total liabilities | ₹388.76m |
| Total assets | ₹981.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531297's short term assets (₹713.8M) exceed its short term liabilities (₹360.1M).
Long Term Liabilities: 531297's short term assets (₹713.8M) exceed its long term liabilities (₹28.7M).
Debt to Equity History and Analysis
Debt Level: 531297's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: 531297's debt to equity ratio has reduced from 50.5% to 17% over the past 5 years.
Debt Coverage: 531297's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531297's interest payments on its debt are not well covered by EBIT (1.5x coverage).