LWS Knitwear Balance Sheet Health
Financial Health criteria checks 2/6
LWS Knitwear has a total shareholder equity of ₹109.6M and total debt of ₹198.6M, which brings its debt-to-equity ratio to 181.2%. Its total assets and total liabilities are ₹538.3M and ₹428.7M respectively. LWS Knitwear's EBIT is ₹15.3M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹3.8M.
Key information
181.2%
Debt to equity ratio
₹198.65m
Debt
Interest coverage ratio | 1.4x |
Cash | ₹3.76m |
Equity | ₹109.64m |
Total liabilities | ₹428.67m |
Total assets | ₹538.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531402's short term assets (₹531.4M) exceed its short term liabilities (₹286.2M).
Long Term Liabilities: 531402's short term assets (₹531.4M) exceed its long term liabilities (₹142.4M).
Debt to Equity History and Analysis
Debt Level: 531402's net debt to equity ratio (177.7%) is considered high.
Reducing Debt: 531402's debt to equity ratio has increased from 4.9% to 181.2% over the past 5 years.
Debt Coverage: 531402's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531402's interest payments on its debt are not well covered by EBIT (1.4x coverage).