Filatex Fashions Balance Sheet Health
Financial Health criteria checks 4/6
Filatex Fashions has a total shareholder equity of ₹23.0B and total debt of ₹698.7M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ₹24.9B and ₹1.9B respectively. Filatex Fashions's EBIT is ₹123.0M making its interest coverage ratio -5.6. It has cash and short-term investments of ₹16.0M.
Key information
3.0%
Debt to equity ratio
₹698.68m
Debt
Interest coverage ratio | -5.6x |
Cash | ₹16.03m |
Equity | ₹22.97b |
Total liabilities | ₹1.93b |
Total assets | ₹24.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532022's short term assets (₹2.3B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 532022's short term assets (₹2.3B) exceed its long term liabilities (₹681.8M).
Debt to Equity History and Analysis
Debt Level: 532022's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 532022's debt to equity ratio has increased from 1.8% to 3% over the past 5 years.
Debt Coverage: 532022's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532022 earns more interest than it pays, so coverage of interest payments is not a concern.