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 ratio35x
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
We Think You Should Be Aware Of Some Concerning Factors In Axita Cotton's (NSE:AXITA) Earnings

Axita Cotton Limited (NSE:AXITA) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 13
Axita Cotton Limited (NSE:AXITA) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Axita Cotton Limited (NSE:AXITA) Stock Rockets 27% But Many Are Still Ignoring The Company

Dec 20
Axita Cotton Limited (NSE:AXITA) Stock Rockets 27% But Many Are Still Ignoring The Company

Robust Earnings May Not Tell The Whole Story For Axita Cotton (NSE:AXITA)

May 06
Robust Earnings May Not Tell The Whole Story For Axita Cotton (NSE:AXITA)

Market Participants Recognise Axita Cotton Limited's (NSE:AXITA) Earnings Pushing Shares 40% Higher

Jul 22
Market Participants Recognise Axita Cotton Limited's (NSE:AXITA) Earnings Pushing Shares 40% Higher

Financial 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).


Balance Sheet


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