Forcas Studio Balance Sheet Health
Financial Health criteria checks 2/6
Forcas Studio has a total shareholder equity of ₹190.2M and total debt of ₹286.1M, which brings its debt-to-equity ratio to 150.4%. Its total assets and total liabilities are ₹588.5M and ₹398.3M respectively. Forcas Studio's EBIT is ₹95.2M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹1.9M.
Key information
150.4%
Debt to equity ratio
₹286.11m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹1.94m |
| Equity | ₹190.20m |
| Total liabilities | ₹398.32m |
| Total assets | ₹588.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORCAS's short term assets (₹485.0M) exceed its short term liabilities (₹358.2M).
Long Term Liabilities: FORCAS's short term assets (₹485.0M) exceed its long term liabilities (₹40.1M).
Debt to Equity History and Analysis
Debt Level: FORCAS's net debt to equity ratio (149.4%) is considered high.
Reducing Debt: Insufficient data to determine if FORCAS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORCAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FORCAS's interest payments on its debt are not well covered by EBIT (2.9x coverage).