Axita Cotton Balance Sheet Health
Financial Health criteria checks 5/6
Axita Cotton has a total shareholder equity of ₹645.6M and total debt of ₹197.2M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are ₹983.8M and ₹338.1M respectively. Axita Cotton's EBIT is ₹281.1M making its interest coverage ratio 35. It has cash and short-term investments of ₹57.7M.
Key information
30.5%
Debt to equity ratio
₹197.20m
Debt
| Interest coverage ratio | 35x |
| Cash | ₹57.70m |
| Equity | ₹645.64m |
| Total liabilities | ₹338.12m |
| Total assets | ₹983.76m |
Recent financial health updates
No updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Axita Cotton's (NSE:AXITA) Earnings
May 01
Axita Cotton Limited (NSE:AXITA) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Feb 13Axita Cotton Limited (NSE:AXITA) Stock Rockets 27% But Many Are Still Ignoring The Company
Dec 20Robust Earnings May Not Tell The Whole Story For Axita Cotton (NSE:AXITA)
May 06Market Participants Recognise Axita Cotton Limited's (NSE:AXITA) Earnings Pushing Shares 40% Higher
Jul 22Financial Position Analysis
Short Term Liabilities: AXITA's short term assets (₹883.2M) exceed its short term liabilities (₹285.3M).
Long Term Liabilities: AXITA's short term assets (₹883.2M) exceed its long term liabilities (₹52.8M).
Debt to Equity History and Analysis
Debt Level: AXITA's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: AXITA's debt to equity ratio has reduced from 86.7% to 30.5% over the past 5 years.
Debt Coverage: AXITA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AXITA's interest payments on its debt are well covered by EBIT (35x coverage).