Deepak Spinners Balance Sheet Health
Financial Health criteria checks 5/6
Deepak Spinners has a total shareholder equity of ₹2.4B and total debt of ₹429.3M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are ₹3.5B and ₹1.2B respectively. Deepak Spinners's EBIT is ₹53.8M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹5.7M.
Key information
18.2%
Debt to equity ratio
₹429.30m
Debt
Interest coverage ratio | 1.4x |
Cash | ₹5.70m |
Equity | ₹2.35b |
Total liabilities | ₹1.18b |
Total assets | ₹3.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514030's short term assets (₹1.6B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 514030's short term assets (₹1.6B) exceed its long term liabilities (₹144.4M).
Debt to Equity History and Analysis
Debt Level: 514030's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: 514030's debt to equity ratio has reduced from 86.5% to 18.2% over the past 5 years.
Debt Coverage: 514030's debt is well covered by operating cash flow (62.7%).
Interest Coverage: 514030's interest payments on its debt are not well covered by EBIT (1.4x coverage).