Ashnoor Textile Mills Balance Sheet Health
Financial Health criteria checks 5/6
Ashnoor Textile Mills has a total shareholder equity of ₹814.9M and total debt of ₹663.5M, which brings its debt-to-equity ratio to 81.4%. Its total assets and total liabilities are ₹1.7B and ₹899.5M respectively. Ashnoor Textile Mills's EBIT is ₹173.9M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹367.9M.
Key information
81.4%
Debt to equity ratio
₹663.48m
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹367.89m |
| Equity | ₹814.86m |
| Total liabilities | ₹899.55m |
| Total assets | ₹1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507872's short term assets (₹1.3B) exceed its short term liabilities (₹710.7M).
Long Term Liabilities: 507872's short term assets (₹1.3B) exceed its long term liabilities (₹188.9M).
Debt to Equity History and Analysis
Debt Level: 507872's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: 507872's debt to equity ratio has reduced from 133.7% to 81.4% over the past 5 years.
Debt Coverage: 507872's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 507872's interest payments on its debt are well covered by EBIT (4.6x coverage).