AXISCADES Technologies Balance Sheet Health
Financial Health criteria checks 5/6
AXISCADES Technologies has a total shareholder equity of ₹6.1B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ₹11.2B and ₹5.0B respectively. AXISCADES Technologies's EBIT is ₹944.3M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹1.3B.
Key information
29.3%
Debt to equity ratio
₹1.80b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹1.26b |
| Equity | ₹6.14b |
| Total liabilities | ₹5.01b |
| Total assets | ₹11.15b |
Recent financial health updates
Is AXISCADES Technologies (NSE:AXISCADES) Using Too Much Debt?
Aug 07
Here's Why Axiscades Technologies (NSE:AXISCADES) Can Manage Its Debt Responsibly
Aug 12Is Axiscades Technologies (NSE:AXISCADES) Using Too Much Debt?
Jan 18Recent updates
Investors Will Want AXISCADES Technologies' (NSE:AXISCADES) Growth In ROCE To Persist
Nov 14We Think Some Shareholders May Hesitate To Increase AXISCADES Technologies Limited's (NSE:AXISCADES) CEO Compensation
Sep 12Is AXISCADES Technologies (NSE:AXISCADES) Using Too Much Debt?
Aug 07Investors Will Want AXISCADES Technologies' (NSE:AXISCADES) Growth In ROCE To Persist
Jun 26It's Down 32% But AXISCADES Technologies Limited (NSE:AXISCADES) Could Be Riskier Than It Looks
Jun 05We Think That There Are Issues Underlying AXISCADES Technologies' (NSE:AXISCADES) Earnings
May 29Why We're Not Concerned Yet About AXISCADES Technologies Limited's (NSE:AXISCADES) 27% Share Price Plunge
Mar 13AXISCADES Technologies Limited (NSE:AXISCADES) Looks Just Right With A 36% Price Jump
Jan 04We Ran A Stock Scan For Earnings Growth And AXISCADES Technologies (NSE:AXISCADES) Passed With Ease
Dec 26Shareholders Would Enjoy A Repeat Of AXISCADES Technologies' (NSE:AXISCADES) Recent Growth In Returns
Oct 10Investors Shouldn't Overlook Axiscades Technologies' (NSE:AXISCADES) Impressive Returns On Capital
Apr 07Here's Why Axiscades Technologies (NSE:AXISCADES) Can Manage Its Debt Responsibly
Aug 12Is Axiscades Technologies (NSE:AXISCADES) Using Too Much Debt?
Jan 18Shareholders May Be More Conservative With Axiscades Technologies Limited's (NSE:AXISCADES) CEO Compensation For Now
Sep 21Financial Position Analysis
Short Term Liabilities: AXISCADES's short term assets (₹6.2B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: AXISCADES's short term assets (₹6.2B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: AXISCADES's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: AXISCADES's debt to equity ratio has reduced from 39.9% to 29.3% over the past 5 years.
Debt Coverage: AXISCADES's debt is well covered by operating cash flow (54.4%).
Interest Coverage: AXISCADES's interest payments on its debt are not well covered by EBIT (2.7x coverage).