Latteys Industries Balance Sheet Health
Financial Health criteria checks 3/6
Latteys Industries has a total shareholder equity of ₹180.7M and total debt of ₹150.3M, which brings its debt-to-equity ratio to 83.2%. Its total assets and total liabilities are ₹487.7M and ₹307.0M respectively. Latteys Industries's EBIT is ₹26.2M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹1.8M.
Key information
83.2%
Debt to equity ratio
₹150.30m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ₹1.84m |
| Equity | ₹180.66m |
| Total liabilities | ₹307.01m |
| Total assets | ₹487.67m |
Recent financial health updates
No updates
Recent updates
The Price Is Right For Latteys Industries Limited (NSE:LATTEYS) Even After Diving 26%
Mar 28
Latteys Industries Limited (NSE:LATTEYS) Stocks Pounded By 28% But Not Lagging Market On Growth Or Pricing
Feb 07With EPS Growth And More, Latteys Industries (NSE:LATTEYS) Makes An Interesting Case
Aug 19Here's Why We Think Latteys Industries (NSE:LATTEYS) Might Deserve Your Attention Today
Jan 28Here's Why We Think Latteys Industries (NSE:LATTEYS) Is Well Worth Watching
Oct 25Unpleasant Surprises Could Be In Store For Latteys Industries Limited's (NSE:LATTEYS) Shares
Jul 07Financial Position Analysis
Short Term Liabilities: LATTEYS's short term assets (₹384.8M) exceed its short term liabilities (₹283.8M).
Long Term Liabilities: LATTEYS's short term assets (₹384.8M) exceed its long term liabilities (₹23.2M).
Debt to Equity History and Analysis
Debt Level: LATTEYS's net debt to equity ratio (82.2%) is considered high.
Reducing Debt: LATTEYS's debt to equity ratio has reduced from 89.1% to 83.2% over the past 5 years.
Debt Coverage: LATTEYS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LATTEYS's interest payments on its debt are not well covered by EBIT (2.8x coverage).