Choksi Laboratories Balance Sheet Health
Financial Health criteria checks 2/6
Choksi Laboratories has a total shareholder equity of ₹215.8M and total debt of ₹409.4M, which brings its debt-to-equity ratio to 189.8%. Its total assets and total liabilities are ₹712.4M and ₹496.7M respectively. Choksi Laboratories's EBIT is ₹44.8M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹92.6M.
Key information
189.8%
Debt to equity ratio
₹409.43m
Debt
Interest coverage ratio | 1.6x |
Cash | ₹92.57m |
Equity | ₹215.76m |
Total liabilities | ₹496.67m |
Total assets | ₹712.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526546's short term assets (₹240.4M) do not cover its short term liabilities (₹276.6M).
Long Term Liabilities: 526546's short term assets (₹240.4M) exceed its long term liabilities (₹220.1M).
Debt to Equity History and Analysis
Debt Level: 526546's net debt to equity ratio (146.9%) is considered high.
Reducing Debt: 526546's debt to equity ratio has increased from 49.9% to 189.8% over the past 5 years.
Debt Coverage: 526546's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 526546's interest payments on its debt are not well covered by EBIT (1.6x coverage).