Axita Cotton Balance Sheet Health
Financial Health criteria checks 5/6
Axita Cotton has a total shareholder equity of ₹645.6M and total debt of ₹197.2M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are ₹983.8M and ₹338.1M respectively. Axita Cotton's EBIT is ₹281.1M making its interest coverage ratio 35. It has cash and short-term investments of ₹57.7M.
Key information
30.5%
Debt to equity ratio
₹197.20m
Debt
Interest coverage ratio | 35x |
Cash | ₹57.70m |
Equity | ₹645.64m |
Total liabilities | ₹338.12m |
Total assets | ₹983.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542285's short term assets (₹883.2M) exceed its short term liabilities (₹285.3M).
Long Term Liabilities: 542285's short term assets (₹883.2M) exceed its long term liabilities (₹52.8M).
Debt to Equity History and Analysis
Debt Level: 542285's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: 542285's debt to equity ratio has reduced from 86.7% to 30.5% over the past 5 years.
Debt Coverage: 542285's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 542285's interest payments on its debt are well covered by EBIT (35x coverage).