Kitex Garments Balance Sheet Health
Financial Health criteria checks 2/6
Kitex Garments has a total shareholder equity of ₹10.3B and total debt of ₹6.8B, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are ₹19.3B and ₹8.9B respectively. Kitex Garments's EBIT is ₹1.4B making its interest coverage ratio 17.7. It has cash and short-term investments of ₹692.3M.
Key information
66.0%
Debt to equity ratio
₹6.81b
Debt
| Interest coverage ratio | 17.7x |
| Cash | ₹692.34m |
| Equity | ₹10.32b |
| Total liabilities | ₹8.93b |
| Total assets | ₹19.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 521248's short term assets (₹5.8B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 521248's short term assets (₹5.8B) do not cover its long term liabilities (₹7.3B).
Debt to Equity History and Analysis
Debt Level: 521248's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: 521248's debt to equity ratio has increased from 16% to 66% over the past 5 years.
Debt Coverage: 521248's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 521248's interest payments on its debt are well covered by EBIT (17.7x coverage).