A.K. Spintex Balance Sheet Health
Financial Health criteria checks 5/6
A.K. Spintex has a total shareholder equity of ₹413.3M and total debt of ₹95.1M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are ₹748.6M and ₹335.3M respectively. A.K. Spintex's EBIT is ₹100.3M making its interest coverage ratio 16.5. It has cash and short-term investments of ₹702.0K.
Key information
23.0%
Debt to equity ratio
₹95.07m
Debt
| Interest coverage ratio | 16.5x |
| Cash | ₹702.00k |
| Equity | ₹413.28m |
| Total liabilities | ₹335.30m |
| Total assets | ₹748.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539300's short term assets (₹318.9M) exceed its short term liabilities (₹308.1M).
Long Term Liabilities: 539300's short term assets (₹318.9M) exceed its long term liabilities (₹27.2M).
Debt to Equity History and Analysis
Debt Level: 539300's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 539300's debt to equity ratio has reduced from 49.6% to 23% over the past 5 years.
Debt Coverage: Insufficient data to determine if 539300's debt is well covered by operating cash flow.
Interest Coverage: 539300's interest payments on its debt are well covered by EBIT (16.5x coverage).