Durlax Top Surface Balance Sheet Health
Financial Health criteria checks 2/6
Durlax Top Surface has a total shareholder equity of ₹218.4M and total debt of ₹607.1M, which brings its debt-to-equity ratio to 277.9%. Its total assets and total liabilities are ₹1.1B and ₹836.9M respectively. Durlax Top Surface's EBIT is ₹90.0M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹12.3M.
Key information
277.9%
Debt to equity ratio
₹607.07m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹12.26m |
| Equity | ₹218.44m |
| Total liabilities | ₹836.91m |
| Total assets | ₹1.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DURLAX's short term assets (₹838.2M) exceed its short term liabilities (₹624.5M).
Long Term Liabilities: DURLAX's short term assets (₹838.2M) exceed its long term liabilities (₹212.4M).
Debt to Equity History and Analysis
Debt Level: DURLAX's net debt to equity ratio (272.3%) is considered high.
Reducing Debt: DURLAX's debt to equity ratio has increased from 258.2% to 277.9% over the past 5 years.
Debt Coverage: DURLAX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DURLAX's interest payments on its debt are not well covered by EBIT (2.4x coverage).