Akshar Spintex Balance Sheet Health
Financial Health criteria checks 4/6
Akshar Spintex has a total shareholder equity of ₹429.3M and total debt of ₹178.7M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are ₹687.7M and ₹258.4M respectively. Akshar Spintex's EBIT is ₹24.4M making its interest coverage ratio 2. It has cash and short-term investments of ₹200.0K.
Key information
41.6%
Debt to equity ratio
₹178.68m
Debt
| Interest coverage ratio | 2x |
| Cash | ₹200.00k |
| Equity | ₹429.30m |
| Total liabilities | ₹258.40m |
| Total assets | ₹687.69m |
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 (₹272.8M) exceed its short term liabilities (₹183.8M).
Long Term Liabilities: AKSHAR's short term assets (₹272.8M) exceed its long term liabilities (₹74.6M).
Debt to Equity History and Analysis
Debt Level: AKSHAR's net debt to equity ratio (41.6%) is considered high.
Reducing Debt: AKSHAR's debt to equity ratio has reduced from 82.9% to 41.6% over the past 5 years.
Debt Coverage: AKSHAR's debt is well covered by operating cash flow (42.2%).
Interest Coverage: AKSHAR's interest payments on its debt are not well covered by EBIT (2x coverage).