Aditya Spinners Balance Sheet Health
Financial Health criteria checks 3/6
Aditya Spinners has a total shareholder equity of ₹477.3M and total debt of ₹159.0M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are ₹691.3M and ₹214.0M respectively. Aditya Spinners's EBIT is ₹17.0M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹1.5M.
Key information
33.3%
Debt to equity ratio
₹158.99m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹1.50m |
| Equity | ₹477.33m |
| Total liabilities | ₹214.02m |
| Total assets | ₹691.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521141's short term assets (₹94.0M) do not cover its short term liabilities (₹110.5M).
Long Term Liabilities: 521141's short term assets (₹94.0M) do not cover its long term liabilities (₹103.5M).
Debt to Equity History and Analysis
Debt Level: 521141's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: 521141's debt to equity ratio has reduced from 75.9% to 33.3% over the past 5 years.
Debt Coverage: 521141's debt is well covered by operating cash flow (24.2%).
Interest Coverage: 521141's interest payments on its debt are not well covered by EBIT (1.3x coverage).