Acknit Industries Balance Sheet Health
Financial Health criteria checks 5/6
Acknit Industries has a total shareholder equity of ₹734.2M and total debt of ₹305.5M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are ₹1.3B and ₹595.3M respectively. Acknit Industries's EBIT is ₹126.0M making its interest coverage ratio 6.8. It has cash and short-term investments of ₹8.8M.
Key information
41.6%
Debt to equity ratio
₹305.51m
Debt
Interest coverage ratio | 6.8x |
Cash | ₹8.79m |
Equity | ₹734.16m |
Total liabilities | ₹595.32m |
Total assets | ₹1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530043's short term assets (₹939.3M) exceed its short term liabilities (₹569.5M).
Long Term Liabilities: 530043's short term assets (₹939.3M) exceed its long term liabilities (₹25.9M).
Debt to Equity History and Analysis
Debt Level: 530043's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 530043's debt to equity ratio has reduced from 122.2% to 41.6% over the past 5 years.
Debt Coverage: 530043's debt is well covered by operating cash flow (88.4%).
Interest Coverage: 530043's interest payments on its debt are well covered by EBIT (6.8x coverage).