Trom Industries Balance Sheet Health
Financial Health criteria checks 2/6
Trom Industries has a total shareholder equity of ₹25.0M and total debt of ₹49.3M, which brings its debt-to-equity ratio to 197.2%. Its total assets and total liabilities are ₹215.5M and ₹190.5M respectively. Trom Industries's EBIT is ₹11.5M making its interest coverage ratio 2. It has cash and short-term investments of ₹4.3M.
Key information
197.2%
Debt to equity ratio
₹49.28m
Debt
| Interest coverage ratio | 2x |
| Cash | ₹4.27m |
| Equity | ₹24.99m |
| Total liabilities | ₹190.54m |
| Total assets | ₹215.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TROM's short term assets (₹212.7M) exceed its short term liabilities (₹159.1M).
Long Term Liabilities: TROM's short term assets (₹212.7M) exceed its long term liabilities (₹31.5M).
Debt to Equity History and Analysis
Debt Level: TROM's net debt to equity ratio (180.1%) is considered high.
Reducing Debt: Insufficient data to determine if TROM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TROM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TROM's interest payments on its debt are not well covered by EBIT (2x coverage).