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
Lagnam 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).