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
Does Action Construction Equipment (NSE:ACE) Have A Healthy Balance Sheet?
Nov 28
Does Action Construction Equipment (NSE:ACE) Have A Healthy Balance Sheet?
Jun 06Action Construction Equipment (NSE:ACE) Has A Somewhat Strained Balance Sheet
Dec 25Recent updates
Should You Investigate Action Construction Equipment Limited (NSE:ACE) At ₹1,486?
May 03Action Construction Equipment Limited's (NSE:ACE) 38% Share Price Surge Not Quite Adding Up
Apr 13Here's Why We Think Action Construction Equipment (NSE:ACE) Is Well Worth Watching
Mar 14Action Construction Equipment Limited's (NSE:ACE) Shares Climb 27% But Its Business Is Yet to Catch Up
Feb 09Is Now The Time To Look At Buying Action Construction Equipment Limited (NSE:ACE)?
Jan 31We Like Action Construction Equipment's (NSE:ACE) Returns And Here's How They're Trending
Jan 04Does Action Construction Equipment (NSE:ACE) Have A Healthy Balance Sheet?
Nov 28What Is Action Construction Equipment Limited's (NSE:ACE) Share Price Doing?
Oct 30Should You Be Adding Action Construction Equipment (NSE:ACE) To Your Watchlist Today?
Sep 26Action Construction Equipment (NSE:ACE) Could Become A Multi-Bagger
Jul 25Should You Investigate Action Construction Equipment Limited (NSE:ACE) At ₹552?
Jul 07Why We Like The Returns At Action Construction Equipment (NSE:ACE)
Feb 09Is Now The Time To Put Action Construction Equipment (NSE:ACE) On Your Watchlist?
Dec 23Is It Too Late To Consider Buying Action Construction Equipment Limited (NSE:ACE)?
Sep 03Action Construction Equipment (NSE:ACE) Strong Profits May Be Masking Some Underlying Issues
May 31Action Construction Equipment Limited (NSE:ACE) Just Reported, And Analysts Assigned A ₹265 Price Target
May 27Returns On Capital Are Showing Encouraging Signs At Action Construction Equipment (NSE:ACE)
Feb 10At ₹223, Is It Time To Put Action Construction Equipment Limited (NSE:ACE) On Your Watch List?
Aug 10With EPS Growth And More, Action Construction Equipment (NSE:ACE) Is Interesting
Jun 18Does Action Construction Equipment (NSE:ACE) Have A Healthy Balance Sheet?
Jun 06Action Construction Equipment's (NSE:ACE) Returns On Capital Are Heading Higher
May 26Is Now The Time To Look At Buying Action Construction Equipment Limited (NSE:ACE)?
Apr 07Can You Imagine How Elated Action Construction Equipment's (NSE:ACE) Shareholders Feel About Its 361% Share Price Gain?
Mar 13Should Action Construction Equipment Limited (NSE:ACE) Be Part Of Your Dividend Portfolio?
Feb 28What Do The Returns At Action Construction Equipment (NSE:ACE) Mean Going Forward?
Feb 16What Did Action Construction Equipment's (NSE:ACE) CEO Take Home Last Year?
Feb 04Action Construction Equipment Limited's (NSE:ACE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Jan 22What Kind Of Investors Own Most Of Action Construction Equipment Limited (NSE:ACE)?
Jan 07Action Construction Equipment (NSE:ACE) Has A Somewhat Strained Balance Sheet
Dec 25At ₹122, Is It Time To Put Action Construction Equipment Limited (NSE:ACE) On Your Watch List?
Dec 12Action Construction Equipment Limited's (NSE:ACE) 0.6% Dividend Yield Looks Pretty Interesting
Nov 23
Calculating The Intrinsic Value Of Action Construction Equipment Limited (NSE:ACE)
Nov 10Financial Position Analysis
Short Term Liabilities: ACE's short term assets (₹11.0B) exceed its short term liabilities (₹8.1B).
Long Term Liabilities: ACE's short term assets (₹11.0B) exceed its long term liabilities (₹161.7M).
Debt to Equity History and Analysis
Debt Level: ACE has more cash than its total debt.
Reducing Debt: ACE's debt to equity ratio has reduced from 14% to 5.8% over the past 5 years.
Debt Coverage: ACE's debt is well covered by operating cash flow (653.7%).
Interest Coverage: ACE's interest payments on its debt are well covered by EBIT (56.3x coverage).