Comrade Appliances Balance Sheet Health
Financial Health criteria checks 3/6
Comrade Appliances has a total shareholder equity of ₹198.9M and total debt of ₹190.3M, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are ₹462.6M and ₹263.7M respectively. Comrade Appliances's EBIT is ₹31.1M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹10.0M.
Key information
95.7%
Debt to equity ratio
₹190.34m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹9.95m |
| Equity | ₹198.88m |
| Total liabilities | ₹263.67m |
| Total assets | ₹462.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543921's short term assets (₹334.6M) exceed its short term liabilities (₹195.0M).
Long Term Liabilities: 543921's short term assets (₹334.6M) exceed its long term liabilities (₹68.6M).
Debt to Equity History and Analysis
Debt Level: 543921's net debt to equity ratio (90.7%) is considered high.
Reducing Debt: 543921's debt to equity ratio has reduced from 126.5% to 95.7% over the past 5 years.
Debt Coverage: 543921's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: 543921's interest payments on its debt are not well covered by EBIT (2.2x coverage).