Tuni Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Tuni Textile Mills has a total shareholder equity of ₹131.2M and total debt of ₹113.1M, which brings its debt-to-equity ratio to 86.2%. Its total assets and total liabilities are ₹368.7M and ₹237.4M respectively. Tuni Textile Mills's EBIT is ₹15.9M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹680.0K.
Key information
86.2%
Debt to equity ratio
₹113.11m
Debt
Interest coverage ratio | 1.3x |
Cash | ₹680.00k |
Equity | ₹131.25m |
Total liabilities | ₹237.43m |
Total assets | ₹368.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531411's short term assets (₹348.6M) exceed its short term liabilities (₹218.9M).
Long Term Liabilities: 531411's short term assets (₹348.6M) exceed its long term liabilities (₹18.5M).
Debt to Equity History and Analysis
Debt Level: 531411's net debt to equity ratio (85.7%) is considered high.
Reducing Debt: 531411's debt to equity ratio has increased from 63.6% to 86.2% over the past 5 years.
Debt Coverage: 531411's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 531411's interest payments on its debt are not well covered by EBIT (1.3x coverage).