Kanani Industries Balance Sheet Health
Financial Health criteria checks 5/6
Kanani Industries has a total shareholder equity of ₹635.6M and total debt of ₹201.9M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are ₹1.3B and ₹678.3M respectively. Kanani Industries's EBIT is ₹10.1M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹50.2M.
Key information
31.8%
Debt to equity ratio
₹201.91m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹50.18m |
| Equity | ₹635.63m |
| Total liabilities | ₹678.35m |
| Total assets | ₹1.31b |
Recent financial health updates
These 4 Measures Indicate That Kanani Industries (NSE:KANANIIND) Is Using Debt Reasonably Well
Dec 08
Kanani Industries (NSE:KANANIIND) Has A Pretty Healthy Balance Sheet
Dec 31Here's Why Kanani Industries (NSE:KANANIIND) Can Manage Its Debt Responsibly
Jul 06Here's Why Kanani Industries (NSE:KANANIIND) Can Manage Its Debt Responsibly
Dec 27We Think Kanani Industries (NSE:KANANIIND) Can Stay On Top Of Its Debt
Jul 21We Think Kanani Industries (NSE:KANANIIND) Is Taking Some Risk With Its Debt
Mar 22Recent updates
Some Kanani Industries Limited (NSE:KANANIIND) Shareholders Look For Exit As Shares Take 36% Pounding
Mar 10Kanani Industries Limited's (NSE:KANANIIND) 28% Share Price Surge Not Quite Adding Up
Jan 25These 4 Measures Indicate That Kanani Industries (NSE:KANANIIND) Is Using Debt Reasonably Well
Dec 08Do Kanani Industries' (NSE:KANANIIND) Earnings Warrant Your Attention?
Mar 28Kanani Industries (NSE:KANANIIND) Has A Pretty Healthy Balance Sheet
Dec 31Do Kanani Industries' (NSE:KANANIIND) Earnings Warrant Your Attention?
Dec 08Here's Why We Think Kanani Industries (NSE:KANANIIND) Might Deserve Your Attention Today
Aug 08Here's Why Kanani Industries (NSE:KANANIIND) Can Manage Its Debt Responsibly
Jul 06A Look At The Fair Value Of Kanani Industries Limited (NSE:KANANIIND)
Feb 09Here's Why Kanani Industries (NSE:KANANIIND) Can Manage Its Debt Responsibly
Dec 27We Think Kanani Industries (NSE:KANANIIND) Can Stay On Top Of Its Debt
Jul 21We Think Kanani Industries (NSE:KANANIIND) Is Taking Some Risk With Its Debt
Mar 22Kanani Industries Limited's (NSE:KANANIIND) Stock Is Going Strong: Have Financials A Role To Play?
Feb 15Here's Why We Think Kanani Industries (NSE:KANANIIND) Is Well Worth Watching
Jan 11Kanani Industries (NSE:KANANIIND) Takes On Some Risk With Its Use Of Debt
Nov 19Here's Why We Think Kanani Industries (NSE:KANANIIND) Is Well Worth Watching
Aug 26Kanani Industries Limited's (NSE:KANANIIND) Share Price Matching Investor Opinion
Jul 22
Kanani Industries Limited's (NSE:KANANIIND) P/E Is On The Mark
Jul 06Financial Position Analysis
Short Term Liabilities: KANANIIND's short term assets (₹1.3B) exceed its short term liabilities (₹585.5M).
Long Term Liabilities: KANANIIND's short term assets (₹1.3B) exceed its long term liabilities (₹92.8M).
Debt to Equity History and Analysis
Debt Level: KANANIIND's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: KANANIIND's debt to equity ratio has reduced from 71% to 31.8% over the past 5 years.
Debt Coverage: KANANIIND's debt is well covered by operating cash flow (63.9%).
Interest Coverage: KANANIIND's interest payments on its debt are not well covered by EBIT (1.5x coverage).