Kanani Industries Balance Sheet Health
Financial Health criteria checks 5/6
Kanani Industries has a total shareholder equity of ₹635.6M and total debt of ₹201.9M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are ₹1.3B and ₹678.3M respectively. Kanani Industries's EBIT is ₹10.1M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹50.2M.
Key information
31.8%
Debt to equity ratio
₹201.91m
Debt
Interest coverage ratio | 1.5x |
Cash | ₹50.18m |
Equity | ₹635.63m |
Total liabilities | ₹678.35m |
Total assets | ₹1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506184's short term assets (₹1.3B) exceed its short term liabilities (₹585.5M).
Long Term Liabilities: 506184's short term assets (₹1.3B) exceed its long term liabilities (₹92.8M).
Debt to Equity History and Analysis
Debt Level: 506184's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 506184's debt to equity ratio has reduced from 71% to 31.8% over the past 5 years.
Debt Coverage: 506184's debt is well covered by operating cash flow (63.9%).
Interest Coverage: 506184's interest payments on its debt are not well covered by EBIT (1.5x coverage).