Katare Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Katare Spinning Mills has a total shareholder equity of ₹1.2B and total debt of ₹36.2M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹1.2B and ₹45.2M respectively.
Key information
3.1%
Debt to equity ratio
₹36.16m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹733.00k |
| Equity | ₹1.17b |
| Total liabilities | ₹45.19m |
| Total assets | ₹1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 502933's short term assets (₹34.8M) do not cover its short term liabilities (₹38.4M).
Long Term Liabilities: 502933's short term assets (₹34.8M) exceed its long term liabilities (₹6.8M).
Debt to Equity History and Analysis
Debt Level: 502933's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 502933's debt to equity ratio has reduced from 673.9% to 3.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 502933 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 502933 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25% each year