Hisar Spinning Mills Balance Sheet Health
Financial Health criteria checks 6/6
Hisar Spinning Mills has a total shareholder equity of ₹222.6M and total debt of ₹30.9M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ₹268.6M and ₹46.0M respectively. Hisar Spinning Mills's EBIT is ₹29.8M making its interest coverage ratio 12.6. It has cash and short-term investments of ₹17.2M.
Key information
13.9%
Debt to equity ratio
₹30.87m
Debt
Interest coverage ratio | 12.6x |
Cash | ₹17.17m |
Equity | ₹222.64m |
Total liabilities | ₹45.99m |
Total assets | ₹268.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521068's short term assets (₹185.9M) exceed its short term liabilities (₹25.7M).
Long Term Liabilities: 521068's short term assets (₹185.9M) exceed its long term liabilities (₹20.3M).
Debt to Equity History and Analysis
Debt Level: 521068's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 521068's debt to equity ratio has reduced from 39.9% to 13.9% over the past 5 years.
Debt Coverage: 521068's debt is well covered by operating cash flow (73.8%).
Interest Coverage: 521068's interest payments on its debt are well covered by EBIT (12.6x coverage).