Bhandari Hosiery Exports Balance Sheet Health
Financial Health criteria checks 3/6
Bhandari Hosiery Exports has a total shareholder equity of ₹995.9M and total debt of ₹1.2B, which brings its debt-to-equity ratio to 122.4%. Its total assets and total liabilities are ₹2.5B and ₹1.5B respectively. Bhandari Hosiery Exports's EBIT is ₹208.5M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹6.4M.
Key information
122.4%
Debt to equity ratio
₹1.22b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹6.38m |
| Equity | ₹995.87m |
| Total liabilities | ₹1.51b |
| Total assets | ₹2.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512608's short term assets (₹1.7B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 512608's short term assets (₹1.7B) exceed its long term liabilities (₹477.0M).
Debt to Equity History and Analysis
Debt Level: 512608's net debt to equity ratio (121.8%) is considered high.
Reducing Debt: 512608's debt to equity ratio has reduced from 126% to 122.4% over the past 5 years.
Debt Coverage: 512608's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: 512608's interest payments on its debt are not well covered by EBIT (1.7x coverage).