Hittco Tools Balance Sheet Health
Financial Health criteria checks 4/6
Hittco Tools has a total shareholder equity of ₹31.2M and total debt of ₹40.4M, which brings its debt-to-equity ratio to 129.5%. Its total assets and total liabilities are ₹80.2M and ₹49.0M respectively. Hittco Tools's EBIT is ₹2.0M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹2.1M.
Key information
129.5%
Debt to equity ratio
₹40.44m
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₹2.05m |
| Equity | ₹31.22m |
| Total liabilities | ₹49.00m |
| Total assets | ₹80.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531661's short term assets (₹37.7M) exceed its short term liabilities (₹15.9M).
Long Term Liabilities: 531661's short term assets (₹37.7M) exceed its long term liabilities (₹33.1M).
Debt to Equity History and Analysis
Debt Level: 531661's net debt to equity ratio (122.9%) is considered high.
Reducing Debt: 531661's debt to equity ratio has increased from 120.3% to 129.5% 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 531661 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 531661 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.6% per year.