VIP Clothing Balance Sheet Health
Financial Health criteria checks 4/6
VIP Clothing has a total shareholder equity of ₹1.5B and total debt of ₹859.7M, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are ₹2.9B and ₹1.4B respectively. VIP Clothing's EBIT is ₹76.9M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹49.5M.
Key information
57.7%
Debt to equity ratio
₹859.73m
Debt
Interest coverage ratio | 1.3x |
Cash | ₹49.50m |
Equity | ₹1.49b |
Total liabilities | ₹1.39b |
Total assets | ₹2.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532613's short term assets (₹1.8B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 532613's short term assets (₹1.8B) exceed its long term liabilities (₹199.2M).
Debt to Equity History and Analysis
Debt Level: 532613's net debt to equity ratio (54.3%) is considered high.
Reducing Debt: 532613's debt to equity ratio has increased from 43% to 57.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 532613 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 532613 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.9% per year.