Anik Industries Balance Sheet Health
Financial Health criteria checks 6/6
Anik Industries has a total shareholder equity of ₹4.1B and total debt of ₹89.8M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹4.5B and ₹419.2M respectively. Anik Industries's EBIT is ₹60.3M making its interest coverage ratio -3.2. It has cash and short-term investments of ₹53.0M.
Key information
2.2%
Debt to equity ratio
₹89.78m
Debt
| Interest coverage ratio | -3.2x |
| Cash | ₹52.98m |
| Equity | ₹4.05b |
| Total liabilities | ₹419.16m |
| Total assets | ₹4.47b |
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
Is 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 (₹1.8B) exceed its short term liabilities (₹358.8M).
Long Term Liabilities: ANIKINDS's short term assets (₹1.8B) exceed its long term liabilities (₹60.4M).
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 15.1% to 2.2% over the past 5 years.
Debt Coverage: ANIKINDS's debt is well covered by operating cash flow (1020.6%).
Interest Coverage: ANIKINDS earns more interest than it pays, so coverage of interest payments is not a concern.