Agarwal Float Glass India Balance Sheet Health
Financial Health criteria checks 2/6
Agarwal Float Glass India has a total shareholder equity of ₹161.2M and total debt of ₹118.2M, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are ₹308.9M and ₹147.7M respectively. Agarwal Float Glass India's EBIT is ₹22.8M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹4.8M.
Key information
73.3%
Debt to equity ratio
₹118.20m
Debt
Interest coverage ratio | 2.1x |
Cash | ₹4.76m |
Equity | ₹161.23m |
Total liabilities | ₹147.67m |
Total assets | ₹308.90m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AGARWALFT's short term assets (₹303.7M) exceed its short term liabilities (₹132.1M).
Long Term Liabilities: AGARWALFT's short term assets (₹303.7M) exceed its long term liabilities (₹15.6M).
Debt to Equity History and Analysis
Debt Level: AGARWALFT's net debt to equity ratio (70.4%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AGARWALFT's interest payments on its debt are not well covered by EBIT (2.1x coverage).