Aananda Lakshmi Spinning Mills Balance Sheet Health
Financial Health criteria checks 0/6
Aananda Lakshmi Spinning Mills has a total shareholder equity of ₹-192.9M and total debt of ₹250.5M, which brings its debt-to-equity ratio to -129.9%. Its total assets and total liabilities are ₹115.6M and ₹308.5M respectively. Aananda Lakshmi Spinning Mills's EBIT is ₹4.6M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹701.0K.
Key information
-129.9%
Debt to equity ratio
₹250.48m
Debt
Interest coverage ratio | 0.4x |
Cash | ₹701.00k |
Equity | -₹192.88m |
Total liabilities | ₹308.49m |
Total assets | ₹115.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539096 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 539096 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 539096 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 539096's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 539096's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 539096's interest payments on its debt are not well covered by EBIT (0.4x coverage).