Adinath Textiles Balance Sheet Health
Financial Health criteria checks 5/6
Adinath Textiles has a total shareholder equity of ₹30.6M and total debt of ₹108.0K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹43.9M and ₹13.3M respectively. Adinath Textiles's EBIT is ₹2.3M making its interest coverage ratio 7.5. It has cash and short-term investments of ₹8.4M.
Key information
0.4%
Debt to equity ratio
₹108.00k
Debt
| Interest coverage ratio | 7.5x |
| Cash | ₹8.42m |
| Equity | ₹30.62m |
| Total liabilities | ₹13.32m |
| Total assets | ₹43.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514113's short term assets (₹17.3M) exceed its short term liabilities (₹10.6M).
Long Term Liabilities: 514113's short term assets (₹17.3M) exceed its long term liabilities (₹2.7M).
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 0.6% 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's interest payments on its debt are well covered by EBIT (7.5x coverage).