Adinath Textiles Balance Sheet Health
Financial Health criteria checks 5/6
Adinath Textiles has a total shareholder equity of ₹25.7M and total debt of ₹99.0K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹38.8M and ₹13.1M respectively. Adinath Textiles's EBIT is ₹5.4M making its interest coverage ratio -31. It has cash and short-term investments of ₹7.1M.
Key information
0.4%
Debt to equity ratio
₹99.00k
Debt
Interest coverage ratio | -31x |
Cash | ₹7.09m |
Equity | ₹25.72m |
Total liabilities | ₹13.08m |
Total assets | ₹38.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514113's short term assets (₹14.2M) exceed its short term liabilities (₹11.1M).
Long Term Liabilities: 514113's short term assets (₹14.2M) exceed its long term liabilities (₹1.9M).
Debt to Equity History and Analysis
Debt Level: 514113 has more cash than its total debt.
Reducing Debt: 514113's debt to equity ratio has reduced from 0.4% to 0.4% over the past 5 years.
Debt Coverage: 514113's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 514113 earns more interest than it pays, so coverage of interest payments is not a concern.