Flair Writing Industries Balance Sheet Health
Financial Health criteria checks 6/6
Flair Writing Industries has a total shareholder equity of ₹9.0B and total debt of ₹431.0M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹11.1B and ₹2.1B respectively. Flair Writing Industries's EBIT is ₹1.5B making its interest coverage ratio 15.2. It has cash and short-term investments of ₹2.3B.
Key information
4.8%
Debt to equity ratio
₹431.00m
Debt
Interest coverage ratio | 15.2x |
Cash | ₹2.34b |
Equity | ₹8.99b |
Total liabilities | ₹2.09b |
Total assets | ₹11.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FLAIR's short term assets (₹7.2B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: FLAIR's short term assets (₹7.2B) exceed its long term liabilities (₹681.8M).
Debt to Equity History and Analysis
Debt Level: FLAIR has more cash than its total debt.
Reducing Debt: FLAIR's debt to equity ratio has reduced from 86.3% to 4.8% over the past 5 years.
Debt Coverage: FLAIR's debt is well covered by operating cash flow (180.1%).
Interest Coverage: FLAIR's interest payments on its debt are well covered by EBIT (15.2x coverage).