Acknit Industries Balance Sheet Health
Financial Health criteria checks 4/6
Acknit Industries has a total shareholder equity of ₹824.1M and total debt of ₹432.5M, which brings its debt-to-equity ratio to 52.5%. Its total assets and total liabilities are ₹1.6B and ₹736.5M respectively. Acknit Industries's EBIT is ₹147.7M making its interest coverage ratio 7.5. It has cash and short-term investments of ₹6.2M.
Key information
52.5%
Debt to equity ratio
₹432.53m
Debt
| Interest coverage ratio | 7.5x |
| Cash | ₹6.24m |
| Equity | ₹824.11m |
| Total liabilities | ₹736.53m |
| Total assets | ₹1.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530043's short term assets (₹1.1B) exceed its short term liabilities (₹711.3M).
Long Term Liabilities: 530043's short term assets (₹1.1B) exceed its long term liabilities (₹25.2M).
Debt to Equity History and Analysis
Debt Level: 530043's net debt to equity ratio (51.7%) is considered high.
Reducing Debt: 530043's debt to equity ratio has reduced from 119.4% to 52.5% over the past 5 years.
Debt Coverage: 530043's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530043's interest payments on its debt are well covered by EBIT (7.5x coverage).