Artefact Projects Balance Sheet Health
Financial Health criteria checks 5/6
Artefact Projects has a total shareholder equity of ₹588.9M and total debt of ₹122.7M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are ₹959.3M and ₹370.4M respectively. Artefact Projects's EBIT is ₹29.4M making its interest coverage ratio -1.3. It has cash and short-term investments of ₹39.8M.
Key information
20.8%
Debt to equity ratio
₹122.66m
Debt
Interest coverage ratio | -1.3x |
Cash | ₹39.78m |
Equity | ₹588.91m |
Total liabilities | ₹370.36m |
Total assets | ₹959.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531297's short term assets (₹697.5M) exceed its short term liabilities (₹278.3M).
Long Term Liabilities: 531297's short term assets (₹697.5M) exceed its long term liabilities (₹92.1M).
Debt to Equity History and Analysis
Debt Level: 531297's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 531297's debt to equity ratio has reduced from 55.3% to 20.8% over the past 5 years.
Debt Coverage: 531297's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531297 earns more interest than it pays, so coverage of interest payments is not a concern.