Anand Rayons Balance Sheet Health
Financial Health criteria checks 4/6
Anand Rayons has a total shareholder equity of ₹347.1M and total debt of ₹320.2M, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are ₹732.4M and ₹385.3M respectively. Anand Rayons's EBIT is ₹70.4M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹363.0K.
Key information
92.2%
Debt to equity ratio
₹320.15m
Debt
Interest coverage ratio | 3.1x |
Cash | ₹363.00k |
Equity | ₹347.10m |
Total liabilities | ₹385.31m |
Total assets | ₹732.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542721's short term assets (₹713.4M) exceed its short term liabilities (₹311.1M).
Long Term Liabilities: 542721's short term assets (₹713.4M) exceed its long term liabilities (₹74.2M).
Debt to Equity History and Analysis
Debt Level: 542721's net debt to equity ratio (92.1%) is considered high.
Reducing Debt: 542721's debt to equity ratio has reduced from 236.7% to 92.2% over the past 5 years.
Debt Coverage: 542721's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 542721's interest payments on its debt are well covered by EBIT (3.1x coverage).