Kitex Garments Balance Sheet Health
Financial Health criteria checks 2/6
Kitex Garments has a total shareholder equity of ₹10.3B and total debt of ₹6.8B, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are ₹19.3B and ₹8.9B respectively. Kitex Garments's EBIT is ₹940.6M making its interest coverage ratio 12.8. It has cash and short-term investments of ₹692.3M.
Key information
66.0%
Debt to equity ratio
₹6.81b
Debt
| Interest coverage ratio | 12.8x |
| Cash | ₹692.34m |
| Equity | ₹10.32b |
| Total liabilities | ₹8.93b |
| Total assets | ₹19.25b |
Recent financial health updates
No updates
Recent updates
Kitex Garments (NSE:KITEX) Will Want To Turn Around Its Return Trends
Apr 04
Kitex Garments Limited's (NSE:KITEX) Share Price Could Signal Some Risk
Mar 05Calculating The Fair Value Of Kitex Garments Limited (NSE:KITEX)
Feb 03Kitex Garments (NSE:KITEX) Will Want To Turn Around Its Return Trends
Dec 16Kitex Garments Limited's (NSE:KITEX) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 24Kitex Garments (NSE:KITEX) May Have Issues Allocating Its Capital
Aug 30We Ran A Stock Scan For Earnings Growth And Kitex Garments (NSE:KITEX) Passed With Ease
Dec 26Kitex Garments' (NSE:KITEX) Dividend Will Be ₹1.50
Aug 08Kitex Garments (NSE:KITEX) Will Pay A Dividend Of ₹1.50
Jul 15Kitex Garments' (NSE:KITEX) Returns On Capital Not Reflecting Well On The Business
May 30Some Investors May Be Worried About Kitex Garments' (NSE:KITEX) Returns On Capital
Feb 02Returns On Capital Signal Tricky Times Ahead For Kitex Garments (NSE:KITEX)
May 05If You Had Bought Kitex Garments' (NSE:KITEX) Shares Five Years Ago You Would Be Down 64%
Feb 28Do Insiders Own Lots Of Shares In Kitex Garments Limited (NSE:KITEX)?
Feb 09The Trends At Kitex Garments (NSE:KITEX) That You Should Know About
Jan 20A Look At The Intrinsic Value Of Kitex Garments Limited (NSE:KITEX)
Dec 30
Here's Why I Think Kitex Garments (NSE:KITEX) Might Deserve Your Attention Today
Nov 19If You Had Bought Kitex Garments' (NSE:KITEX) Shares Five Years Ago You Would Be Down 79%
Oct 29Should You Be Adding Kitex Garments (NSE:KITEX) To Your Watchlist Today?
Jul 28Kitex Garments Limited (NSE:KITEX) Might Not Be As Mispriced As It Looks
Jul 08Financial Position Analysis
Short Term Liabilities: KITEX's short term assets (₹5.8B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: KITEX's short term assets (₹5.8B) do not cover its long term liabilities (₹7.3B).
Debt to Equity History and Analysis
Debt Level: KITEX's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: KITEX's debt to equity ratio has increased from 16% to 66% over the past 5 years.
Debt Coverage: KITEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KITEX's interest payments on its debt are well covered by EBIT (12.8x coverage).