Deepak Spinners Balance Sheet Health
Financial Health criteria checks 5/6
Deepak Spinners has a total shareholder equity of ₹2.3B and total debt of ₹428.7M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are ₹3.5B and ₹1.2B respectively.
Key information
19.0%
Debt to equity ratio
₹428.70m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹7.20m |
| Equity | ₹2.26b |
| Total liabilities | ₹1.20b |
| Total assets | ₹3.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514030's short term assets (₹1.5B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 514030's short term assets (₹1.5B) exceed its long term liabilities (₹149.6M).
Debt to Equity History and Analysis
Debt Level: 514030's net debt to equity ratio (18.7%) is considered satisfactory.
Reducing Debt: 514030's debt to equity ratio has reduced from 53.6% to 19% over the past 5 years.
Debt Coverage: 514030's debt is well covered by operating cash flow (54.8%).
Interest Coverage: Insufficient data to determine if 514030's interest payments on its debt are well covered by EBIT.