Astral Balance Sheet Health
Financial Health criteria checks 6/6
Astral has a total shareholder equity of ₹34.5B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹47.1B and ₹12.7B respectively. Astral's EBIT is ₹7.1B making its interest coverage ratio 29. It has cash and short-term investments of ₹3.7B.
Key information
3.1%
Debt to equity ratio
₹1.07b
Debt
| Interest coverage ratio | 29x |
| Cash | ₹3.72b |
| Equity | ₹34.47b |
| Total liabilities | ₹12.68b |
| Total assets | ₹47.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532830's short term assets (₹19.6B) exceed its short term liabilities (₹10.9B).
Long Term Liabilities: 532830's short term assets (₹19.6B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 532830 has more cash than its total debt.
Reducing Debt: 532830's debt to equity ratio has reduced from 12.9% to 3.1% over the past 5 years.
Debt Coverage: 532830's debt is well covered by operating cash flow (678.7%).
Interest Coverage: 532830's interest payments on its debt are well covered by EBIT (29x coverage).