Karnika Industries Balance Sheet Health
Financial Health criteria checks 3/6
Karnika Industries has a total shareholder equity of ₹180.7M and total debt of ₹524.6M, which brings its debt-to-equity ratio to 290.3%. Its total assets and total liabilities are ₹1.0B and ₹826.4M respectively. Karnika Industries's EBIT is ₹165.0M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹15.5M.
Key information
290.3%
Debt to equity ratio
₹524.55m
Debt
Interest coverage ratio | 3.3x |
Cash | ₹15.52m |
Equity | ₹180.68m |
Total liabilities | ₹826.42m |
Total assets | ₹1.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KARNIKA's short term assets (₹985.9M) exceed its short term liabilities (₹824.8M).
Long Term Liabilities: KARNIKA's short term assets (₹985.9M) exceed its long term liabilities (₹1.6M).
Debt to Equity History and Analysis
Debt Level: KARNIKA's net debt to equity ratio (281.7%) is considered high.
Reducing Debt: Insufficient data to determine if KARNIKA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: KARNIKA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KARNIKA's interest payments on its debt are well covered by EBIT (3.3x coverage).