Action Construction Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Action Construction Equipment has a total shareholder equity of ₹10.5B and total debt of ₹607.5M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ₹18.7B and ₹8.3B respectively. Action Construction Equipment's EBIT is ₹3.3B making its interest coverage ratio 56.3. It has cash and short-term investments of ₹3.1B.
Key information
5.8%
Debt to equity ratio
₹607.50m
Debt
Interest coverage ratio | 56.3x |
Cash | ₹3.10b |
Equity | ₹10.46b |
Total liabilities | ₹8.26b |
Total assets | ₹18.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532762's short term assets (₹11.0B) exceed its short term liabilities (₹8.1B).
Long Term Liabilities: 532762's short term assets (₹11.0B) exceed its long term liabilities (₹161.7M).
Debt to Equity History and Analysis
Debt Level: 532762 has more cash than its total debt.
Reducing Debt: 532762's debt to equity ratio has reduced from 14% to 5.8% over the past 5 years.
Debt Coverage: 532762's debt is well covered by operating cash flow (653.7%).
Interest Coverage: 532762's interest payments on its debt are well covered by EBIT (56.3x coverage).