Choksi Laboratories Balance Sheet Health
Financial Health criteria checks 1/6
Choksi Laboratories has a total shareholder equity of ₹230.1M and total debt of ₹286.6M, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are ₹640.1M and ₹409.9M respectively. Choksi Laboratories's EBIT is ₹48.9M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹2.2M.
Key information
124.5%
Debt to equity ratio
₹286.61m
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹2.17m |
| Equity | ₹230.12m |
| Total liabilities | ₹409.94m |
| Total assets | ₹640.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526546's short term assets (₹157.6M) do not cover its short term liabilities (₹199.2M).
Long Term Liabilities: 526546's short term assets (₹157.6M) do not cover its long term liabilities (₹210.8M).
Debt to Equity History and Analysis
Debt Level: 526546's net debt to equity ratio (123.6%) is considered high.
Reducing Debt: 526546's debt to equity ratio has increased from 99.2% to 124.5% over the past 5 years.
Debt Coverage: 526546's debt is well covered by operating cash flow (42.5%).
Interest Coverage: 526546's interest payments on its debt are not well covered by EBIT (1.8x coverage).