Artefact Projects Balance Sheet Health
Financial Health criteria checks 5/6
Artefact Projects has a total shareholder equity of ₹625.0M and total debt of ₹123.4M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ₹1.0B and ₹414.6M respectively. Artefact Projects's EBIT is ₹28.8M making its interest coverage ratio -1. It has cash and short-term investments of ₹32.5M.
Key information
19.7%
Debt to equity ratio
₹123.38m
Debt
| Interest coverage ratio | -1x |
| Cash | ₹32.51m |
| Equity | ₹625.03m |
| Total liabilities | ₹414.57m |
| Total assets | ₹1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531297's short term assets (₹770.6M) exceed its short term liabilities (₹381.2M).
Long Term Liabilities: 531297's short term assets (₹770.6M) exceed its long term liabilities (₹33.3M).
Debt to Equity History and Analysis
Debt Level: 531297's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: 531297's debt to equity ratio has reduced from 40.6% to 19.7% 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.