Akshar Spintex Balance Sheet Health
Financial Health criteria checks 5/6
Akshar Spintex has a total shareholder equity of ₹425.3M and total debt of ₹172.7M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are ₹749.5M and ₹324.2M respectively. Akshar Spintex's EBIT is ₹64.7M making its interest coverage ratio 5.2. It has cash and short-term investments of ₹115.0K.
Key information
40.6%
Debt to equity ratio
₹172.75m
Debt
Interest coverage ratio | 5.2x |
Cash | ₹115.00k |
Equity | ₹425.29m |
Total liabilities | ₹324.21m |
Total assets | ₹749.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541303's short term assets (₹357.7M) exceed its short term liabilities (₹252.3M).
Long Term Liabilities: 541303's short term assets (₹357.7M) exceed its long term liabilities (₹71.9M).
Debt to Equity History and Analysis
Debt Level: 541303's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 541303's debt to equity ratio has reduced from 80.9% to 40.6% over the past 5 years.
Debt Coverage: 541303's debt is well covered by operating cash flow (29.6%).
Interest Coverage: 541303's interest payments on its debt are well covered by EBIT (5.2x coverage).