Akshar Spintex Balance Sheet Health
Financial Health criteria checks 5/6
Akshar Spintex has a total shareholder equity of ₹438.8M and total debt of ₹189.8M, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are ₹738.6M and ₹299.7M respectively. Akshar Spintex's EBIT is ₹62.3M making its interest coverage ratio 4.5. It has cash and short-term investments of ₹98.0K.
Key information
43.3%
Debt to equity ratio
₹189.80m
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₹98.00k |
| Equity | ₹438.83m |
| Total liabilities | ₹299.75m |
| Total assets | ₹738.58m |
Recent financial health updates
Recent updates
Not Many Are Piling Into Akshar Spintex Limited (NSE:AKSHAR) Stock Yet As It Plummets 32%
Aug 24
Positive Sentiment Still Eludes Akshar Spintex Limited (NSE:AKSHAR) Following 27% Share Price Slump
Mar 19Does Akshar Spintex (NSE:AKSHAR) Have A Healthy Balance Sheet?
Feb 09Why We're Not Concerned Yet About Akshar Spintex Limited's (NSE:AKSHAR) 29% Share Price Plunge
Dec 27After Leaping 29% Akshar Spintex Limited (NSE:AKSHAR) Shares Are Not Flying Under The Radar
Jul 03Financial Position Analysis
Short Term Liabilities: AKSHAR's short term assets (₹321.8M) exceed its short term liabilities (₹203.9M).
Long Term Liabilities: AKSHAR's short term assets (₹321.8M) exceed its long term liabilities (₹95.9M).
Debt to Equity History and Analysis
Debt Level: AKSHAR's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: AKSHAR's debt to equity ratio has reduced from 82.9% to 43.3% over the past 5 years.
Debt Coverage: AKSHAR's debt is well covered by operating cash flow (25.1%).
Interest Coverage: AKSHAR's interest payments on its debt are well covered by EBIT (4.5x coverage).