Ashapuri Gold Ornament Balance Sheet Health
Financial Health criteria checks 4/6
Ashapuri Gold Ornament has a total shareholder equity of ₹1.4B and total debt of ₹83.4M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are ₹1.6B and ₹148.5M respectively. Ashapuri Gold Ornament's EBIT is ₹136.1M making its interest coverage ratio 50. It has cash and short-term investments of ₹569.0K.
Key information
5.9%
Debt to equity ratio
₹83.35m
Debt
| Interest coverage ratio | 50x |
| Cash | ₹569.00k |
| Equity | ₹1.42b |
| Total liabilities | ₹148.50m |
| Total assets | ₹1.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542579's short term assets (₹1.4B) exceed its short term liabilities (₹148.3M).
Long Term Liabilities: 542579's short term assets (₹1.4B) exceed its long term liabilities (₹200.0K).
Debt to Equity History and Analysis
Debt Level: 542579's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 542579's debt to equity ratio has increased from 0.7% to 5.9% over the past 5 years.
Debt Coverage: 542579's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 542579's interest payments on its debt are well covered by EBIT (50x coverage).