Winsome Textile Industries Balance Sheet Health
Financial Health criteria checks 4/6
Winsome Textile Industries has a total shareholder equity of ₹2.9B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are ₹8.2B and ₹5.3B respectively. Winsome Textile Industries's EBIT is ₹769.8M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹331.9M.
Key information
88.8%
Debt to equity ratio
₹2.58b
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹331.90m |
| Equity | ₹2.91b |
| Total liabilities | ₹5.26b |
| Total assets | ₹8.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514470's short term assets (₹4.9B) exceed its short term liabilities (₹3.9B).
Long Term Liabilities: 514470's short term assets (₹4.9B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 514470's net debt to equity ratio (77.4%) is considered high.
Reducing Debt: 514470's debt to equity ratio has reduced from 117.3% to 88.8% over the past 5 years.
Debt Coverage: 514470's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 514470's interest payments on its debt are not well covered by EBIT (2.9x coverage).