Amarjothi Spinning Mills Balance Sheet Health
Financial Health criteria checks 6/6
Amarjothi Spinning Mills has a total shareholder equity of ₹1.9B and total debt of ₹491.3M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are ₹2.6B and ₹712.3M respectively. Amarjothi Spinning Mills's EBIT is ₹235.1M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹372.7M.
Key information
25.7%
Debt to equity ratio
₹491.32m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹372.72m |
| Equity | ₹1.91b |
| Total liabilities | ₹712.25m |
| Total assets | ₹2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521097's short term assets (₹1.3B) exceed its short term liabilities (₹534.7M).
Long Term Liabilities: 521097's short term assets (₹1.3B) exceed its long term liabilities (₹177.6M).
Debt to Equity History and Analysis
Debt Level: 521097's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 521097's debt to equity ratio has reduced from 58.1% to 25.7% over the past 5 years.
Debt Coverage: 521097's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 521097's interest payments on its debt are well covered by EBIT (3.2x coverage).