Flair Writing Industries Balance Sheet Health
Financial Health criteria checks 6/6
Flair Writing Industries has a total shareholder equity of ₹5.0B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are ₹6.8B and ₹2.5B respectively. Flair Writing Industries's EBIT is ₹1.6B making its interest coverage ratio 16.1. It has cash and short-term investments of ₹2.7M.
Key information
32.7%
Debt to equity ratio
₹1.63b
Debt
Interest coverage ratio | 16.1x |
Cash | ₹2.65m |
Equity | ₹4.99b |
Total liabilities | ₹2.49b |
Total assets | ₹6.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLAIR's short term assets (₹4.1B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: FLAIR's short term assets (₹4.1B) exceed its long term liabilities (₹649.6M).
Debt to Equity History and Analysis
Debt Level: FLAIR's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: FLAIR's debt to equity ratio has reduced from 91.6% to 32.7% over the past 5 years.
Debt Coverage: FLAIR's debt is well covered by operating cash flow (59.2%).
Interest Coverage: FLAIR's interest payments on its debt are well covered by EBIT (16.1x coverage).