High Street Filatex Balance Sheet Health
Financial Health criteria checks 1/6
High Street Filatex has a total shareholder equity of ₹-14.3M and total debt of ₹15.9M, which brings its debt-to-equity ratio to -111%. Its total assets and total liabilities are ₹4.5M and ₹18.8M respectively. High Street Filatex's EBIT is ₹914.8K making its interest coverage ratio -107.6. It has cash and short-term investments of ₹175.0K.
Key information
-111.0%
Debt to equity ratio
₹15.92m
Debt
| Interest coverage ratio | -107.6x |
| Cash | ₹175.00k |
| Equity | -₹14.34m |
| Total liabilities | ₹18.83m |
| Total assets | ₹4.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531301 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 531301 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 531301 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 531301's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 531301's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531301 earns more interest than it pays, so coverage of interest payments is not a concern.