Axita Cotton Balance Sheet Health
Financial Health criteria checks 6/6
Axita Cotton has a total shareholder equity of ₹684.0M and total debt of ₹10.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ₹1.2B and ₹564.8M respectively. Axita Cotton's EBIT is ₹148.5M making its interest coverage ratio -27.4. It has cash and short-term investments of ₹218.3M.
Key information
1.5%
Debt to equity ratio
₹10.00m
Debt
| Interest coverage ratio | -27.4x |
| Cash | ₹218.28m |
| Equity | ₹684.01m |
| Total liabilities | ₹564.78m |
| Total assets | ₹1.25b |
Recent financial health updates
No updates
Recent updates
Some Investors May Be Willing To Look Past Axita Cotton's (NSE:AXITA) Soft Earnings
Nov 22
Axita Cotton Limited's (NSE:AXITA) Shares Leap 25% Yet They're Still Not Telling The Full Story
Jul 31Should You Be Adding Axita Cotton (NSE:AXITA) To Your Watchlist Today?
Jul 25We Think You Should Be Aware Of Some Concerning Factors In Axita Cotton's (NSE:AXITA) Earnings
May 01Axita 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 (₹1.1B) exceed its short term liabilities (₹513.1M).
Long Term Liabilities: AXITA's short term assets (₹1.1B) exceed its long term liabilities (₹51.7M).
Debt to Equity History and Analysis
Debt Level: AXITA has more cash than its total debt.
Reducing Debt: AXITA's debt to equity ratio has reduced from 39.1% to 1.5% over the past 5 years.
Debt Coverage: AXITA's debt is well covered by operating cash flow (2445.8%).
Interest Coverage: AXITA earns more interest than it pays, so coverage of interest payments is not a concern.