AXISCADES Technologies Balance Sheet Health
Financial Health criteria checks 5/6
AXISCADES Technologies has a total shareholder equity of ₹6.1B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ₹11.2B and ₹5.0B respectively. AXISCADES Technologies's EBIT is ₹944.3M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹1.3B.
Key information
29.3%
Debt to equity ratio
₹1.80b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹1.26b |
| Equity | ₹6.14b |
| Total liabilities | ₹5.01b |
| Total assets | ₹11.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532395's short term assets (₹6.2B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: 532395's short term assets (₹6.2B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 532395's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 532395's debt to equity ratio has reduced from 39.9% to 29.3% over the past 5 years.
Debt Coverage: 532395's debt is well covered by operating cash flow (54.4%).
Interest Coverage: 532395's interest payments on its debt are not well covered by EBIT (2.7x coverage).