Cords Cable Industries Balance Sheet Health
Financial Health criteria checks 5/6
Cords Cable Industries has a total shareholder equity of ₹1.6B and total debt of ₹840.0M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are ₹3.5B and ₹1.9B respectively. Cords Cable Industries's EBIT is ₹323.7M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹248.5M.
Key information
51.5%
Debt to equity ratio
₹840.04m
Debt
Interest coverage ratio | 1.6x |
Cash | ₹248.48m |
Equity | ₹1.63b |
Total liabilities | ₹1.87b |
Total assets | ₹3.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532941's short term assets (₹2.5B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 532941's short term assets (₹2.5B) exceed its long term liabilities (₹254.8M).
Debt to Equity History and Analysis
Debt Level: 532941's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: 532941's debt to equity ratio has reduced from 65.4% to 51.5% over the past 5 years.
Debt Coverage: 532941's debt is well covered by operating cash flow (35.8%).
Interest Coverage: 532941's interest payments on its debt are not well covered by EBIT (1.6x coverage).