Anik Industries Balance Sheet Health
Financial Health criteria checks 5/6
Anik Industries has a total shareholder equity of ₹4.0B and total debt of ₹56.4M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ₹4.6B and ₹546.3M respectively. Anik Industries's EBIT is ₹50.5M making its interest coverage ratio -1.8. It has cash and short-term investments of ₹19.9M.
Key information
1.4%
Debt to equity ratio
₹56.38m
Debt
| Interest coverage ratio | -1.8x |
| Cash | ₹19.89m |
| Equity | ₹4.04b |
| Total liabilities | ₹546.26m |
| Total assets | ₹4.59b |
Recent financial health updates
Is Anik Industries (NSE:ANIKINDS) Using Too Much Debt?
Aug 09
Health Check: How Prudently Does Anik Industries (NSE:ANIKINDS) Use Debt?
Sep 04Recent updates
Anik Industries Limited's (NSE:ANIKINDS) Shares Climb 31% But Its Business Is Yet to Catch Up
Nov 05Anik Industries Limited's (NSE:ANIKINDS) Shares Climb 37% But Its Business Is Yet to Catch Up
Sep 11Returns At Anik Industries (NSE:ANIKINDS) Are On The Way Up
Aug 27Is Anik Industries (NSE:ANIKINDS) Using Too Much Debt?
Aug 09Is Now The Time To Put Anik Industries (NSE:ANIKINDS) On Your Watchlist?
Jul 02Anik Industries (NSE:ANIKINDS) Is Looking To Continue Growing Its Returns On Capital
Jun 02Anik Industries (NSE:ANIKINDS) Is Experiencing Growth In Returns On Capital
Feb 16Anik Industries (NSE:ANIKINDS) Strong Profits May Be Masking Some Underlying Issues
Nov 24We Like These Underlying Return On Capital Trends At Anik Industries (NSE:ANIKINDS)
Oct 19Anik Industries (NSE:ANIKINDS) Is Experiencing Growth In Returns On Capital
Jul 04Health Check: How Prudently Does Anik Industries (NSE:ANIKINDS) Use Debt?
Sep 04Financial Position Analysis
Short Term Liabilities: ANIKINDS's short term assets (₹2.5B) exceed its short term liabilities (₹521.6M).
Long Term Liabilities: ANIKINDS's short term assets (₹2.5B) exceed its long term liabilities (₹24.6M).
Debt to Equity History and Analysis
Debt Level: ANIKINDS's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: ANIKINDS's debt to equity ratio has reduced from 16.7% to 1.4% over the past 5 years.
Debt Coverage: ANIKINDS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ANIKINDS earns more interest than it pays, so coverage of interest payments is not a concern.