Bindal Exports Balance Sheet Health
Financial Health criteria checks 3/6
Bindal Exports has a total shareholder equity of ₹97.4M and total debt of ₹61.1M, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are ₹232.3M and ₹134.9M respectively. Bindal Exports's EBIT is ₹9.3M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹202.9K.
Key information
62.7%
Debt to equity ratio
₹61.09m
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹202.89k |
| Equity | ₹97.41m |
| Total liabilities | ₹134.92m |
| Total assets | ₹232.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540148's short term assets (₹189.1M) exceed its short term liabilities (₹130.6M).
Long Term Liabilities: 540148's short term assets (₹189.1M) exceed its long term liabilities (₹4.3M).
Debt to Equity History and Analysis
Debt Level: 540148's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: 540148's debt to equity ratio has reduced from 88.3% to 62.7% over the past 5 years.
Debt Coverage: 540148's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540148's interest payments on its debt are not well covered by EBIT (1.9x coverage).