Amarjothi Spinning Mills Balance Sheet Health
Financial Health criteria checks 5/6
Amarjothi Spinning Mills has a total shareholder equity of ₹1.9B and total debt of ₹459.4M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are ₹2.5B and ₹648.3M respectively. Amarjothi Spinning Mills's EBIT is ₹205.6M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹79.4M.
Key information
24.8%
Debt to equity ratio
₹459.36m
Debt
Interest coverage ratio | 3.4x |
Cash | ₹79.39m |
Equity | ₹1.86b |
Total liabilities | ₹648.26m |
Total assets | ₹2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521097's short term assets (₹1.1B) exceed its short term liabilities (₹496.3M).
Long Term Liabilities: 521097's short term assets (₹1.1B) exceed its long term liabilities (₹152.0M).
Debt to Equity History and Analysis
Debt Level: 521097's net debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: 521097's debt to equity ratio has reduced from 103.7% to 24.8% over the past 5 years.
Debt Coverage: 521097's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 521097's interest payments on its debt are well covered by EBIT (3.4x coverage).