Amin Tannery Balance Sheet Health
Financial Health criteria checks 2/6
Amin Tannery has a total shareholder equity of ₹123.3M and total debt of ₹283.9M, which brings its debt-to-equity ratio to 230.3%. Its total assets and total liabilities are ₹639.6M and ₹516.3M respectively. Amin Tannery's EBIT is ₹22.7M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹1.6M.
Key information
230.3%
Debt to equity ratio
₹283.94m
Debt
Interest coverage ratio | 1.5x |
Cash | ₹1.61m |
Equity | ₹123.27m |
Total liabilities | ₹516.33m |
Total assets | ₹639.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541771's short term assets (₹563.4M) exceed its short term liabilities (₹507.6M).
Long Term Liabilities: 541771's short term assets (₹563.4M) exceed its long term liabilities (₹8.7M).
Debt to Equity History and Analysis
Debt Level: 541771's net debt to equity ratio (229%) is considered high.
Reducing Debt: 541771's debt to equity ratio has increased from 217.1% to 230.3% over the past 5 years.
Debt Coverage: 541771's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 541771's interest payments on its debt are not well covered by EBIT (1.5x coverage).