Anand Rayons Balance Sheet Health
Financial Health criteria checks 3/6
Anand Rayons has a total shareholder equity of ₹378.6M and total debt of ₹359.1M, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are ₹816.2M and ₹437.6M respectively. Anand Rayons's EBIT is ₹77.1M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹63.0K.
Key information
94.8%
Debt to equity ratio
₹359.09m
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₹63.00k |
| Equity | ₹378.59m |
| Total liabilities | ₹437.60m |
| Total assets | ₹816.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542721's short term assets (₹798.6M) exceed its short term liabilities (₹342.6M).
Long Term Liabilities: 542721's short term assets (₹798.6M) exceed its long term liabilities (₹95.0M).
Debt to Equity History and Analysis
Debt Level: 542721's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: 542721's debt to equity ratio has increased from 89.8% to 94.8% over the past 5 years.
Debt Coverage: 542721's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 542721's interest payments on its debt are well covered by EBIT (3.3x coverage).