Cords Cable Industries Balance Sheet Health
Financial Health criteria checks 5/6
Cords Cable Industries has a total shareholder equity of ₹1.6B and total debt of ₹840.0M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are ₹3.5B and ₹1.9B respectively. Cords Cable Industries's EBIT is ₹323.7M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹248.5M.
Key information
51.5%
Debt to equity ratio
₹840.04m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹248.48m |
| Equity | ₹1.63b |
| Total liabilities | ₹1.87b |
| Total assets | ₹3.50b |
Recent financial health updates
These 4 Measures Indicate That Cords Cable Industries (NSE:CORDSCABLE) Is Using Debt Reasonably Well
Feb 29
Cords Cable Industries (NSE:CORDSCABLE) Seems To Use Debt Quite Sensibly
Aug 10Here's Why Cords Cable Industries (NSE:CORDSCABLE) Can Manage Its Debt Responsibly
Dec 26Is Cords Cable Industries (NSE:CORDSCABLE) Using Too Much Debt?
Dec 08Cords Cable Industries (NSE:CORDSCABLE) Has A Somewhat Strained Balance Sheet
Aug 16Is Cords Cable Industries (NSE:CORDSCABLE) Using Too Much Debt?
Mar 17Recent updates
Some Investors May Be Worried About Cords Cable Industries' (NSE:CORDSCABLE) Returns On Capital
Mar 21These 4 Measures Indicate That Cords Cable Industries (NSE:CORDSCABLE) Is Using Debt Reasonably Well
Feb 29Cords Cable Industries Limited (NSE:CORDSCABLE) Surges 25% Yet Its Low P/E Is No Reason For Excitement
Feb 01Returns On Capital At Cords Cable Industries (NSE:CORDSCABLE) Have Stalled
Oct 24Shareholders Will Probably Hold Off On Increasing Cords Cable Industries Limited's (NSE:CORDSCABLE) CEO Compensation For The Time Being
Sep 16Cords Cable Industries (NSE:CORDSCABLE) Seems To Use Debt Quite Sensibly
Aug 10Returns On Capital At Cords Cable Industries (NSE:CORDSCABLE) Have Hit The Brakes
May 20Here's Why Cords Cable Industries (NSE:CORDSCABLE) Can Manage Its Debt Responsibly
Dec 26Cords Cable Industries' (NSE:CORDSCABLE) Returns Have Hit A Wall
Aug 24Cords Cable Industries (NSE:CORDSCABLE) Hasn't Managed To Accelerate Its Returns
May 13A Look At The Fair Value Of Cords Cable Industries Limited (NSE:CORDSCABLE)
Feb 23Slowing Rates Of Return At Cords Cable Industries (NSE:CORDSCABLE) Leave Little Room For Excitement
Jan 24Is Cords Cable Industries (NSE:CORDSCABLE) Using Too Much Debt?
Dec 08Cords Cable Industries (NSE:CORDSCABLE) Has A Somewhat Strained Balance Sheet
Aug 16Cords Cable Industries' (NSE:CORDSCABLE) Returns Have Hit A Wall
May 11Is Cords Cable Industries (NSE:CORDSCABLE) Using Too Much Debt?
Mar 17Our Take On The Returns On Capital At Cords Cable Industries (NSE:CORDSCABLE)
Feb 10Is Cords Cable Industries (NSE:CORDSCABLE) A Risky Investment?
Dec 08
Returns On Capital At Cords Cable Industries (NSE:CORDSCABLE) Paint An Interesting Picture
Nov 12These 4 Measures Indicate That Cords Cable Industries (NSE:CORDSCABLE) Is Using Debt Extensively
Sep 06Investors Aren't Entirely Convinced About Cords Cable Industries Limited's (NSE:CORDSCABLE) Earnings
Aug 16Should You Rely On Cords Cable Industries's (NSE:CORDSCABLE) Earnings Growth?
Jul 29Financial Position Analysis
Short Term Liabilities: CORDSCABLE's short term assets (₹2.5B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: CORDSCABLE's short term assets (₹2.5B) exceed its long term liabilities (₹254.8M).
Debt to Equity History and Analysis
Debt Level: CORDSCABLE's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: CORDSCABLE's debt to equity ratio has reduced from 65.4% to 51.5% over the past 5 years.
Debt Coverage: CORDSCABLE's debt is well covered by operating cash flow (35.8%).
Interest Coverage: CORDSCABLE's interest payments on its debt are not well covered by EBIT (1.6x coverage).