Ashapuri Gold Ornament Balance Sheet Health
Financial Health criteria checks 5/6
Ashapuri Gold Ornament has a total shareholder equity of ₹899.6M and total debt of ₹18.2M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹954.4M and ₹54.9M respectively. Ashapuri Gold Ornament's EBIT is ₹86.9M making its interest coverage ratio 19.7. It has cash and short-term investments of ₹636.0K.
Key information
2.0%
Debt to equity ratio
₹18.22m
Debt
Interest coverage ratio | 19.7x |
Cash | ₹636.00k |
Equity | ₹899.55m |
Total liabilities | ₹54.87m |
Total assets | ₹954.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542579's short term assets (₹867.6M) exceed its short term liabilities (₹54.3M).
Long Term Liabilities: 542579's short term assets (₹867.6M) exceed its long term liabilities (₹590.0K).
Debt to Equity History and Analysis
Debt Level: 542579's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 542579's debt to equity ratio has increased from 0.8% to 2% over the past 5 years.
Debt Coverage: 542579's debt is well covered by operating cash flow (260.4%).
Interest Coverage: 542579's interest payments on its debt are well covered by EBIT (19.7x coverage).