Agarwal Float Glass India Balance Sheet Health
Financial Health criteria checks 2/6
Agarwal Float Glass India has a total shareholder equity of ₹174.5M and total debt of ₹157.6M, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are ₹351.3M and ₹176.8M respectively. Agarwal Float Glass India's EBIT is ₹32.1M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹3.7M.
Key information
90.3%
Debt to equity ratio
₹157.56m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹3.67m |
| Equity | ₹174.51m |
| Total liabilities | ₹176.81m |
| Total assets | ₹351.32m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AGARWALFT's short term assets (₹332.5M) exceed its short term liabilities (₹153.2M).
Long Term Liabilities: AGARWALFT's short term assets (₹332.5M) exceed its long term liabilities (₹23.6M).
Debt to Equity History and Analysis
Debt Level: AGARWALFT's net debt to equity ratio (88.2%) is considered high.
Reducing Debt: Insufficient data to determine if AGARWALFT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AGARWALFT's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: AGARWALFT's interest payments on its debt are not well covered by EBIT (2.3x coverage).