Emkay Taps and Cutting Tools Balance Sheet Health
Financial Health criteria checks 6/6
Emkay Taps and Cutting Tools has a total shareholder equity of ₹2.6B and total debt of ₹43.7M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ₹2.8B and ₹240.7M respectively. Emkay Taps and Cutting Tools's EBIT is ₹420.7M making its interest coverage ratio -20.9. It has cash and short-term investments of ₹29.1M.
Key information
1.7%
Debt to equity ratio
₹43.74m
Debt
| Interest coverage ratio | -20.9x |
| Cash | ₹29.13m |
| Equity | ₹2.57b |
| Total liabilities | ₹240.69m |
| Total assets | ₹2.81b |
Recent financial health updates
No updates
Recent updates
Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Hasn't Managed To Accelerate Its Returns
Nov 23
Does Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Deserve A Spot On Your Watchlist?
Nov 01Emkay Taps and Cutting Tools' (NSE:EMKAYTOOLS) Returns On Capital Not Reflecting Well On The Business
Jul 20Do Emkay Taps and Cutting Tools' (NSE:EMKAYTOOLS) Earnings Warrant Your Attention?
Jun 29Why You Should Care About Emkay Taps and Cutting Tools' (NSE:EMKAYTOOLS) Strong Returns On Capital
Feb 25Return Trends At Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Aren't Appealing
Nov 17Here's Why We Think Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Is Well Worth Watching
Oct 18Shareholders Are Optimistic That Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Will Multiply In Value
Jul 29Here's Why We Think Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Might Deserve Your Attention Today
Jul 07Does Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Deserve A Spot On Your Watchlist?
Jan 31Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Will Be Hoping To Turn Its Returns On Capital Around
Nov 11Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Will Want To Turn Around Its Return Trends
Jul 14Should You Be Impressed By Emkay Taps and Cutting Tools' (NSE:EMKAYTOOLS) Returns on Capital?
Feb 08
A Look At The Intrinsic Value Of Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS)
Jan 22Emkay Taps and Cutting Tools Limited (NSE:EMKAYTOOLS) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Jan 04Here's Why We Don't Think Emkay Taps and Cutting Tools's (NSE:EMKAYTOOLS) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 14How Much Does Emkay Taps and Cutting Tools' (NSE:EMKAYTOOLS) CEO Make?
Nov 18Financial Position Analysis
Short Term Liabilities: EMKAYTOOLS's short term assets (₹550.9M) exceed its short term liabilities (₹230.5M).
Long Term Liabilities: EMKAYTOOLS's short term assets (₹550.9M) exceed its long term liabilities (₹10.2M).
Debt to Equity History and Analysis
Debt Level: EMKAYTOOLS's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: EMKAYTOOLS's debt to equity ratio has reduced from 3.4% to 1.7% over the past 5 years.
Debt Coverage: EMKAYTOOLS's debt is well covered by operating cash flow (516%).
Interest Coverage: EMKAYTOOLS earns more interest than it pays, so coverage of interest payments is not a concern.