Kitex Garments Balance Sheet Health
Financial Health criteria checks 6/6
Kitex Garments has a total shareholder equity of ₹9.8B and total debt of ₹250.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ₹11.3B and ₹1.6B respectively. Kitex Garments's EBIT is ₹546.2M making its interest coverage ratio 71.2. It has cash and short-term investments of ₹1.0B.
Key information
2.6%
Debt to equity ratio
₹250.00m
Debt
Interest coverage ratio | 71.2x |
Cash | ₹1.01b |
Equity | ₹9.77b |
Total liabilities | ₹1.57b |
Total assets | ₹11.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521248's short term assets (₹4.6B) exceed its short term liabilities (₹914.2M).
Long Term Liabilities: 521248's short term assets (₹4.6B) exceed its long term liabilities (₹658.1M).
Debt to Equity History and Analysis
Debt Level: 521248 has more cash than its total debt.
Reducing Debt: 521248's debt to equity ratio has reduced from 5.5% to 2.6% over the past 5 years.
Debt Coverage: 521248's debt is well covered by operating cash flow (1181.3%).
Interest Coverage: 521248's interest payments on its debt are well covered by EBIT (71.2x coverage).