Blue Chip Tex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Blue Chip Tex Industries has a total shareholder equity of ₹277.5M and total debt of ₹44.3M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are ₹416.2M and ₹138.7M respectively. Blue Chip Tex Industries's EBIT is ₹7.9M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹4.6M.
Key information
16.0%
Debt to equity ratio
₹44.33m
Debt
Interest coverage ratio | 1.7x |
Cash | ₹4.55m |
Equity | ₹277.53m |
Total liabilities | ₹138.70m |
Total assets | ₹416.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506981's short term assets (₹216.3M) exceed its short term liabilities (₹100.4M).
Long Term Liabilities: 506981's short term assets (₹216.3M) exceed its long term liabilities (₹38.3M).
Debt to Equity History and Analysis
Debt Level: 506981's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 506981's debt to equity ratio has reduced from 130.2% to 16% over the past 5 years.
Debt Coverage: 506981's debt is well covered by operating cash flow (88.1%).
Interest Coverage: 506981's interest payments on its debt are not well covered by EBIT (1.7x coverage).