Maris Spinners Balance Sheet Health
Financial Health criteria checks 2/6
Maris Spinners has a total shareholder equity of ₹242.4M and total debt of ₹764.3M, which brings its debt-to-equity ratio to 315.3%. Its total assets and total liabilities are ₹1.2B and ₹970.6M respectively.
Key information
315.3%
Debt to equity ratio
₹764.26m
Debt
Interest coverage ratio | n/a |
Cash | ₹22.75m |
Equity | ₹242.37m |
Total liabilities | ₹970.58m |
Total assets | ₹1.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531503's short term assets (₹448.1M) do not cover its short term liabilities (₹630.8M).
Long Term Liabilities: 531503's short term assets (₹448.1M) exceed its long term liabilities (₹339.8M).
Debt to Equity History and Analysis
Debt Level: 531503's net debt to equity ratio (305.9%) is considered high.
Reducing Debt: 531503's debt to equity ratio has increased from 138.1% to 315.3% over the past 5 years.
Debt Coverage: 531503's debt is well covered by operating cash flow (28.5%).
Interest Coverage: Insufficient data to determine if 531503's interest payments on its debt are well covered by EBIT.