Ventura Textiles Balance Sheet Health
Financial Health criteria checks 1/6
Ventura Textiles has a total shareholder equity of ₹-44.9M and total debt of ₹70.9M, which brings its debt-to-equity ratio to -157.8%. Its total assets and total liabilities are ₹56.0M and ₹100.9M respectively. Ventura Textiles's EBIT is ₹108.3M making its interest coverage ratio -9. It has cash and short-term investments of ₹650.0K.
Key information
-157.8%
Debt to equity ratio
₹70.95m
Debt
Interest coverage ratio | -9x |
Cash | ₹650.00k |
Equity | -₹44.95m |
Total liabilities | ₹100.92m |
Total assets | ₹55.97m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 516098 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 516098 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 516098 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 516098's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 516098's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 516098 earns more interest than it pays, so coverage of interest payments is not a concern.