Hisar Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Hisar Spinning Mills has a total shareholder equity of ₹232.9M and total debt of ₹49.5M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are ₹318.0M and ₹85.1M respectively. Hisar Spinning Mills's EBIT is ₹32.2M making its interest coverage ratio 14.4. It has cash and short-term investments of ₹33.2M.
Key information
21.2%
Debt to equity ratio
₹49.47m
Debt
| Interest coverage ratio | 14.4x |
| Cash | ₹33.24m |
| Equity | ₹232.94m |
| Total liabilities | ₹85.09m |
| Total assets | ₹318.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521068's short term assets (₹228.5M) exceed its short term liabilities (₹61.9M).
Long Term Liabilities: 521068's short term assets (₹228.5M) exceed its long term liabilities (₹23.2M).
Debt to Equity History and Analysis
Debt Level: 521068's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 521068's debt to equity ratio has increased from 18.8% to 21.2% over the past 5 years.
Debt Coverage: 521068's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 521068's interest payments on its debt are well covered by EBIT (14.4x coverage).