Asian Star Balance Sheet Health
Financial Health criteria checks 5/6
Asian Star has a total shareholder equity of ₹14.7B and total debt of ₹6.8B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are ₹26.8B and ₹12.1B respectively. Asian Star's EBIT is ₹1.2B making its interest coverage ratio 6.1. It has cash and short-term investments of ₹4.0B.
Key information
46.3%
Debt to equity ratio
₹6.82b
Debt
Interest coverage ratio | 6.1x |
Cash | ₹4.04b |
Equity | ₹14.73b |
Total liabilities | ₹12.05b |
Total assets | ₹26.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531847's short term assets (₹24.3B) exceed its short term liabilities (₹10.9B).
Long Term Liabilities: 531847's short term assets (₹24.3B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 531847's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 531847's debt to equity ratio has reduced from 81.5% to 46.3% over the past 5 years.
Debt Coverage: 531847's debt is not well covered by operating cash flow (13%).
Interest Coverage: 531847's interest payments on its debt are well covered by EBIT (6.1x coverage).