Comrade Appliances Balance Sheet Health
Financial Health criteria checks 4/6
Comrade Appliances has a total shareholder equity of ₹68.9M and total debt of ₹135.1M, which brings its debt-to-equity ratio to 195.9%. Its total assets and total liabilities are ₹275.3M and ₹206.4M respectively. Comrade Appliances's EBIT is ₹36.1M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹6.0M.
Key information
195.9%
Debt to equity ratio
₹135.06m
Debt
Interest coverage ratio | 3.1x |
Cash | ₹5.96m |
Equity | ₹68.94m |
Total liabilities | ₹206.38m |
Total assets | ₹275.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543921's short term assets (₹223.1M) exceed its short term liabilities (₹176.6M).
Long Term Liabilities: 543921's short term assets (₹223.1M) exceed its long term liabilities (₹29.7M).
Debt to Equity History and Analysis
Debt Level: 543921's net debt to equity ratio (187.3%) is considered high.
Reducing Debt: 543921's debt to equity ratio has increased from 78.9% to 195.9% over the past 5 years.
Debt Coverage: 543921's debt is well covered by operating cash flow (24.6%).
Interest Coverage: 543921's interest payments on its debt are well covered by EBIT (3.1x coverage).