Ashnoor Textile Mills Balance Sheet Health
Financial Health criteria checks 5/6
Ashnoor Textile Mills has a total shareholder equity of ₹605.7M and total debt of ₹738.9M, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are ₹1.5B and ₹869.1M respectively. Ashnoor Textile Mills's EBIT is ₹164.8M making its interest coverage ratio 3.9. It has cash and short-term investments of ₹230.0M.
Key information
122.0%
Debt to equity ratio
₹738.91m
Debt
Interest coverage ratio | 3.9x |
Cash | ₹230.01m |
Equity | ₹605.67m |
Total liabilities | ₹869.08m |
Total assets | ₹1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507872's short term assets (₹1.0B) exceed its short term liabilities (₹593.7M).
Long Term Liabilities: 507872's short term assets (₹1.0B) exceed its long term liabilities (₹275.4M).
Debt to Equity History and Analysis
Debt Level: 507872's net debt to equity ratio (84%) is considered high.
Reducing Debt: 507872's debt to equity ratio has reduced from 160.2% to 122% over the past 5 years.
Debt Coverage: 507872's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 507872's interest payments on its debt are well covered by EBIT (3.9x coverage).