Ashima Balance Sheet Health

Financial Health criteria checks 3/6

Ashima has a total shareholder equity of ₹2.2B and total debt of ₹802.5M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are ₹4.1B and ₹1.9B respectively.

Key information

36.9%

Debt to equity ratio

₹802.50m

Debt

Interest coverage ratio	n/a
Cash	₹374.60m
Equity	₹2.17b
Total liabilities	₹1.89b
Total assets	₹4.07b

Recent financial health updates

Recent updates

Revenues Tell The Story For Ashima Limited (NSE:ASHIMASYN) As Its Stock Soars 27%

Apr 30

Revenues Not Telling The Story For Ashima Limited (NSE:ASHIMASYN) After Shares Rise 28%

Feb 06

What Ashima Limited's (NSE:ASHIMASYN) P/S Is Not Telling You

Dec 18

Would Ashima (NSE:ASHIMASYN) Be Better Off With Less Debt?

Sep 29

Is Ashima (NSE:ASHIMASYN) Using Too Much Debt?

Jun 23

Shareholders In Ashima (NSE:ASHIMASYN) Should Look Beyond Earnings For The Full Story

May 27

Ashima (NSE:ASHIMASYN) Has Debt But No Earnings; Should You Worry?

Jan 03

Health Check: How Prudently Does Ashima (NSE:ASHIMASYN) Use Debt?

Sep 01

Ashima (NSE:ASHIMASYN) Shareholders Have Enjoyed A Whopping 382% Share Price Gain

Mar 18

Does Ashima (NSE:ASHIMASYN) Have A Healthy Balance Sheet?

Jan 24

Should Ashima (NSE:ASHIMASYN) Be Disappointed With Their 85% Profit?

Dec 02

Financial Position Analysis

Short Term Liabilities: ASHIMASYN's short term assets (₹2.4B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: ASHIMASYN's short term assets (₹2.4B) exceed its long term liabilities (₹755.5M).

Debt to Equity History and Analysis

Debt Level: ASHIMASYN's net debt to equity ratio (19.7%) is considered satisfactory.

Reducing Debt: ASHIMASYN's debt to equity ratio has increased from 12.4% to 36.9% over the past 5 years.

Debt Coverage: ASHIMASYN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ASHIMASYN's interest payments on its debt are well covered by EBIT.

Ashima Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Would Ashima (NSE:ASHIMASYN) Be Better Off With Less Debt?

Is Ashima (NSE:ASHIMASYN) Using Too Much Debt?

Ashima (NSE:ASHIMASYN) Has Debt But No Earnings; Should You Worry?

Health Check: How Prudently Does Ashima (NSE:ASHIMASYN) Use Debt?

Does Ashima (NSE:ASHIMASYN) Have A Healthy Balance Sheet?

Recent updates

Revenues Tell The Story For Ashima Limited (NSE:ASHIMASYN) As Its Stock Soars 27%

Ashima Limited Announces Resignation of Shweta Sultania as Company Secretary & Compliance Officer, Effective May 31, 2024

Third quarter 2024 earnings released: EPS: ₹0.18 (vs ₹0.15 loss in 3Q 2023)

Revenues Not Telling The Story For Ashima Limited (NSE:ASHIMASYN) After Shares Rise 28%

Ashima Limited to Report Q3, 2024 Results on Feb 08, 2024

What Ashima Limited's (NSE:ASHIMASYN) P/S Is Not Telling You

Second quarter 2024 earnings released: ₹0.071 loss per share (vs ₹0.023 loss in 2Q 2023)

Ashima Limited to Report Q2, 2023 Results on Nov 02, 2023

New minor risk - Share price stability

Would Ashima (NSE:ASHIMASYN) Be Better Off With Less Debt?

Insufficient new directors

Ashima Limited Appoints Jayesh C Bhayani as Chief Financial Officer

First quarter 2024 earnings released: ₹0.079 loss per share (vs ₹0.07 profit in 1Q 2023)

Ashima Limited, Annual General Meeting, Aug 25, 2023

Ashima Limited Announces Resignation of Hiren S Mahadevia as Chief Financial Officer

Is Ashima (NSE:ASHIMASYN) Using Too Much Debt?

Full year 2023 earnings released: ₹0.41 loss per share (vs ₹1.35 profit in FY 2022)

Ashima Limited to Report Q4, 2023 Results on May 16, 2023

Third quarter 2023 earnings released: ₹0.15 loss per share (vs ₹0.10 loss in 3Q 2022)

Ashima Limited to Report Q3, 2023 Results on Feb 03, 2023

Second quarter 2023 earnings released: ₹0.023 loss per share (vs ₹0.02 loss in 2Q 2022)

Ashima Limited to Report Q2, 2022 Results on Nov 12, 2022

Full year 2022 earnings released: EPS: ₹1.35 (vs ₹0.13 in FY 2021)

Ashima Limited to Report Q1, 2023 Results on Aug 06, 2022

Ashima Limited, Annual General Meeting, Aug 25, 2022

Ashima Limited Announces Company Secretary and Compliance Officer Changes

Investor sentiment improved over the past week

Shareholders In Ashima (NSE:ASHIMASYN) Should Look Beyond Earnings For The Full Story

Ashima Limited Announces Change of Company Secretary and Compliance Officer

Ashima Limited to Report Q4, 2022 Results on May 14, 2022

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Ashima (NSE:ASHIMASYN) Has Debt But No Earnings; Should You Worry?

Second quarter 2022 earnings released: ₹0.02 loss per share (vs ₹0.21 loss in 2Q 2021)

Health Check: How Prudently Does Ashima (NSE:ASHIMASYN) Use Debt?

Ashima Limited Temporarily Suspends the Yarn Dyeing and Weaving Operations of Its Spinfab Division for the Current Financial Year from June 1, 2021

Ashima (NSE:ASHIMASYN) Shareholders Have Enjoyed A Whopping 382% Share Price Gain

New 90-day high: ₹14.25

Third quarter 2021 earnings released: ₹0.11 loss per share (vs ₹0.03 loss in 3Q 2020)

Ashima Limited to Report Q3, 2021 Results on Feb 06, 2021

Does Ashima (NSE:ASHIMASYN) Have A Healthy Balance Sheet?

New 90-day high: ₹13.50

Should Ashima (NSE:ASHIMASYN) Be Disappointed With Their 85% Profit?

New 90-day high: ₹9.90

Ashima Limited to Report Q2, 2021 Results on Nov 07, 2020

First quarter earnings released

New 90-day high - ₹7.45

Full year earnings released - ₹0.18 loss per share

Ashima Limited to Report Q1, 2021 Results on Sep 11, 2020

Ashima Limited to Report Q4, 2020 Results on Jul 30, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies