Aditya Spinners Balance Sheet Health
Financial Health criteria checks 3/6
Aditya Spinners has a total shareholder equity of ₹490.0M and total debt of ₹161.7M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are ₹729.2M and ₹239.1M respectively. Aditya Spinners's EBIT is ₹17.5M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹1.4M.
Key information
33.0%
Debt to equity ratio
₹161.69m
Debt
Interest coverage ratio | 1.2x |
Cash | ₹1.41m |
Equity | ₹490.05m |
Total liabilities | ₹239.11m |
Total assets | ₹729.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521141's short term assets (₹90.2M) do not cover its short term liabilities (₹127.7M).
Long Term Liabilities: 521141's short term assets (₹90.2M) do not cover its long term liabilities (₹111.4M).
Debt to Equity History and Analysis
Debt Level: 521141's net debt to equity ratio (32.7%) is considered satisfactory.
Reducing Debt: 521141's debt to equity ratio has reduced from 118.2% to 33% over the past 5 years.
Debt Coverage: 521141's debt is well covered by operating cash flow (35.4%).
Interest Coverage: 521141's interest payments on its debt are not well covered by EBIT (1.2x coverage).