Cords Cable Industries Balance Sheet Health
Financial Health criteria checks 5/6
Cords Cable Industries has a total shareholder equity of ₹1.7B and total debt of ₹826.0M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are ₹3.7B and ₹2.0B respectively. Cords Cable Industries's EBIT is ₹359.0M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹289.3M.
Key information
47.3%
Debt to equity ratio
₹826.02m
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹289.29m |
| Equity | ₹1.75b |
| Total liabilities | ₹1.97b |
| Total assets | ₹3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532941's short term assets (₹2.8B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 532941's short term assets (₹2.8B) exceed its long term liabilities (₹208.4M).
Debt to Equity History and Analysis
Debt Level: 532941's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 532941's debt to equity ratio has reduced from 62.6% to 47.3% over the past 5 years.
Debt Coverage: 532941's debt is well covered by operating cash flow (32.2%).
Interest Coverage: 532941's interest payments on its debt are not well covered by EBIT (2.1x coverage).