Lagnam Spintex Balance Sheet Health
Financial Health criteria checks 1/6
Lagnam Spintex has a total shareholder equity of ₹969.6M and total debt of ₹3.1B, which brings its debt-to-equity ratio to 324.1%. Its total assets and total liabilities are ₹4.5B and ₹3.5B respectively. Lagnam Spintex's EBIT is ₹250.4M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹4.5M.
Key information
324.1%
Debt to equity ratio
₹3.14b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹4.54m |
| Equity | ₹969.63m |
| Total liabilities | ₹3.54b |
| Total assets | ₹4.51b |
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 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 (₹1.3B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: LAGNAM's short term assets (₹1.3B) do not cover its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: LAGNAM's net debt to equity ratio (323.6%) is considered high.
Reducing Debt: LAGNAM's debt to equity ratio has increased from 222.6% to 324.1% 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 (2.3x coverage).