Karnika Industries Balance Sheet Health
Financial Health criteria checks 3/6
Karnika Industries has a total shareholder equity of ₹634.5M and total debt of ₹464.7M, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are ₹1.4B and ₹734.0M respectively. Karnika Industries's EBIT is ₹253.4M making its interest coverage ratio 6.3. It has cash and short-term investments of ₹8.5M.
Key information
73.2%
Debt to equity ratio
₹464.71m
Debt
| Interest coverage ratio | 6.3x |
| Cash | ₹8.51m |
| Equity | ₹634.54m |
| Total liabilities | ₹734.05m |
| Total assets | ₹1.37b |
Financial Position Analysis
Short Term Liabilities: KARNIKA's short term assets (₹1.3B) exceed its short term liabilities (₹716.1M).
Long Term Liabilities: KARNIKA's short term assets (₹1.3B) exceed its long term liabilities (₹18.0M).
Debt to Equity History and Analysis
Debt Level: KARNIKA's net debt to equity ratio (71.9%) 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 (6.3x coverage).