Liberty Shoes Balance Sheet Health
Financial Health criteria checks 4/6
Liberty Shoes has a total shareholder equity of ₹2.0B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are ₹4.6B and ₹2.6B respectively. Liberty Shoes's EBIT is ₹221.3M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹34.1M.
Key information
67.8%
Debt to equity ratio
₹1.38b
Debt
Interest coverage ratio | 1.8x |
Cash | ₹34.14m |
Equity | ₹2.04b |
Total liabilities | ₹2.57b |
Total assets | ₹4.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526596's short term assets (₹3.0B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 526596's short term assets (₹3.0B) exceed its long term liabilities (₹902.1M).
Debt to Equity History and Analysis
Debt Level: 526596's net debt to equity ratio (66.2%) is considered high.
Reducing Debt: 526596's debt to equity ratio has reduced from 78.8% to 67.8% over the past 5 years.
Debt Coverage: 526596's debt is well covered by operating cash flow (68.1%).
Interest Coverage: 526596's interest payments on its debt are not well covered by EBIT (1.8x coverage).