Felix Industries Balance Sheet Health
Financial Health criteria checks 4/6
Felix Industries has a total shareholder equity of ₹352.7M and total debt of ₹62.1M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are ₹449.1M and ₹96.5M respectively. Felix Industries's EBIT is ₹22.1M making its interest coverage ratio 5.3. It has cash and short-term investments of ₹2.2M.
Key information
17.6%
Debt to equity ratio
₹62.13m
Debt
Interest coverage ratio | 5.3x |
Cash | ₹2.17m |
Equity | ₹352.69m |
Total liabilities | ₹96.45m |
Total assets | ₹449.14m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FELIX's short term assets (₹371.7M) exceed its short term liabilities (₹79.0M).
Long Term Liabilities: FELIX's short term assets (₹371.7M) exceed its long term liabilities (₹17.4M).
Debt to Equity History and Analysis
Debt Level: FELIX's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: FELIX's debt to equity ratio has increased from 9.7% to 17.6% over the past 5 years.
Debt Coverage: FELIX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FELIX's interest payments on its debt are well covered by EBIT (5.3x coverage).