Bhilwara Spinners Balance Sheet Health
Financial Health criteria checks 3/6
Bhilwara Spinners has a total shareholder equity of ₹277.5M and total debt of ₹315.7M, which brings its debt-to-equity ratio to 113.8%. Its total assets and total liabilities are ₹672.9M and ₹395.4M respectively. Bhilwara Spinners's EBIT is ₹4.6M making its interest coverage ratio -0.8. It has cash and short-term investments of ₹6.4M.
Key information
113.8%
Debt to equity ratio
₹315.72m
Debt
| Interest coverage ratio | -0.8x |
| Cash | ₹6.39m |
| Equity | ₹277.52m |
| Total liabilities | ₹395.37m |
| Total assets | ₹672.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514272's short term assets (₹60.8M) do not cover its short term liabilities (₹393.1M).
Long Term Liabilities: 514272's short term assets (₹60.8M) exceed its long term liabilities (₹2.2M).
Debt to Equity History and Analysis
Debt Level: 514272's net debt to equity ratio (111.5%) is considered high.
Reducing Debt: 514272's debt to equity ratio has increased from 2.6% to 113.8% over the past 5 years.
Debt Coverage: 514272's debt is well covered by operating cash flow (133%).
Interest Coverage: 514272 earns more interest than it pays, so coverage of interest payments is not a concern.