Tuni Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Tuni Textile Mills has a total shareholder equity of ₹136.1M and total debt of ₹164.7M, which brings its debt-to-equity ratio to 121%. Its total assets and total liabilities are ₹481.0M and ₹344.9M respectively. Tuni Textile Mills's EBIT is ₹21.9M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹618.4K.
Key information
121.0%
Debt to equity ratio
₹164.69m
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹618.40k |
| Equity | ₹136.07m |
| Total liabilities | ₹344.94m |
| Total assets | ₹481.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531411's short term assets (₹451.8M) exceed its short term liabilities (₹319.6M).
Long Term Liabilities: 531411's short term assets (₹451.8M) exceed its long term liabilities (₹25.3M).
Debt to Equity History and Analysis
Debt Level: 531411's net debt to equity ratio (120.6%) is considered high.
Reducing Debt: 531411's debt to equity ratio has increased from 62.9% to 121% over the past 5 years.
Debt Coverage: 531411's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531411's interest payments on its debt are not well covered by EBIT (1.4x coverage).