Lagnam Spintex Balance Sheet Health
Financial Health criteria checks 1/6
Lagnam Spintex has a total shareholder equity of ₹1.1B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 321.3%. Its total assets and total liabilities are ₹5.2B and ₹4.1B respectively. Lagnam Spintex's EBIT is ₹426.9M making its interest coverage ratio 2. It has cash and short-term investments of ₹2.3M.
Key information
321.3%
Debt to equity ratio
₹3.54b
Debt
| Interest coverage ratio | 2x |
| Cash | ₹2.32m |
| Equity | ₹1.10b |
| Total liabilities | ₹4.09b |
| Total assets | ₹5.19b |
Recent financial health updates
Here's Why Lagnam Spintex (NSE:LAGNAM) Is Weighed Down By Its Debt Load
Jun 08
Is Lagnam Spintex (NSE:LAGNAM) Using Too Much Debt?
Feb 20Here's Why Lagnam Spintex (NSE:LAGNAM) Has A Meaningful Debt Burden
Jul 21We Think Lagnam Spintex (NSE:LAGNAM) Is Taking Some Risk With Its Debt
Jan 10Here's Why Lagnam Spintex (NSE:LAGNAM) Has A Meaningful Debt Burden
Aug 03Here's Why Lagnam Spintex (NSE:LAGNAM) Is Weighed Down By Its Debt Load
May 05Recent updates
Little Excitement Around Lagnam Spintex Limited's (NSE:LAGNAM) Earnings
Dec 10Lagnam Spintex (NSE:LAGNAM) Is Looking To Continue Growing Its Returns On Capital
Nov 07Lagnam Spintex Limited (NSE:LAGNAM) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Sep 03Increases to Lagnam Spintex Limited's (NSE:LAGNAM) CEO Compensation Might Cool off for now
Jul 11Additional Considerations Required While Assessing Lagnam Spintex's (NSE:LAGNAM) Strong Earnings
Jul 01Lagnam Spintex Limited (NSE:LAGNAM) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Apr 26Returns On Capital At Lagnam Spintex (NSE:LAGNAM) Have Hit The Brakes
Apr 03Lagnam Spintex Limited (NSE:LAGNAM) Stock Rockets 26% But Many Are Still Ignoring The Company
Feb 12Market Cool On Lagnam Spintex Limited's (NSE:LAGNAM) Revenues
Dec 29Lagnam Spintex (NSE:LAGNAM) Has More To Do To Multiply In Value Going Forward
Jul 05Here's Why Lagnam Spintex (NSE:LAGNAM) Is Weighed Down By Its Debt Load
Jun 08Lagnam Spintex (NSE:LAGNAM) Has Some Way To Go To Become A Multi-Bagger
Mar 18Is Lagnam Spintex (NSE:LAGNAM) Using Too Much Debt?
Feb 20Here's Why Lagnam Spintex (NSE:LAGNAM) Has A Meaningful Debt Burden
Jul 21Does Lagnam Spintex (NSE:LAGNAM) Deserve A Spot On Your Watchlist?
May 12Shareholders Would Enjoy A Repeat Of Lagnam Spintex's (NSE:LAGNAM) Recent Growth In Returns
Feb 23We Think Lagnam Spintex (NSE:LAGNAM) Is Taking Some Risk With Its Debt
Jan 10Lagnam Spintex (NSE:LAGNAM) Is Experiencing Growth In Returns On Capital
Sep 30Here's Why Lagnam Spintex (NSE:LAGNAM) Has A Meaningful Debt Burden
Aug 03Here's What's Concerning About Lagnam Spintex's (NSE:LAGNAM) Returns On Capital
Jun 01Here's Why Lagnam Spintex (NSE:LAGNAM) Is Weighed Down By Its Debt Load
May 05Should You Be Impressed By Lagnam Spintex's (NSE:LAGNAM) Returns on Capital?
Feb 28Chairman Dwarka Mangal Just Bought A Handful Of Shares In Lagnam Spintex Limited (NSE:LAGNAM)
Jan 06
Have Insiders Been Buying Lagnam Spintex Limited (NSE:LAGNAM) Shares This Year?
Dec 11Financial Position Analysis
Short Term Liabilities: LAGNAM's short term assets (₹1.7B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: LAGNAM's short term assets (₹1.7B) do not cover its long term liabilities (₹2.5B).
Debt to Equity History and Analysis
Debt Level: LAGNAM's net debt to equity ratio (321.1%) is considered high.
Reducing Debt: LAGNAM's debt to equity ratio has increased from 281% to 321.3% over the past 5 years.
Debt Coverage: LAGNAM's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: LAGNAM's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:39 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Lagnam Spintex Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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