Lorenzini Apparels Balance Sheet Health
Financial Health criteria checks 4/6
Lorenzini Apparels has a total shareholder equity of ₹259.6M and total debt of ₹160.0M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are ₹621.6M and ₹362.0M respectively. Lorenzini Apparels's EBIT is ₹86.5M making its interest coverage ratio 6.1. It has cash and short-term investments of ₹100.6M.
Key information
61.6%
Debt to equity ratio
₹159.98m
Debt
| Interest coverage ratio | 6.1x |
| Cash | ₹100.58m |
| Equity | ₹259.60m |
| Total liabilities | ₹362.04m |
| Total assets | ₹621.64m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LAL's short term assets (₹546.8M) exceed its short term liabilities (₹310.8M).
Long Term Liabilities: LAL's short term assets (₹546.8M) exceed its long term liabilities (₹51.3M).
Debt to Equity History and Analysis
Debt Level: LAL's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: LAL's debt to equity ratio has increased from 18.2% to 61.6% over the past 5 years.
Debt Coverage: LAL's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: LAL's interest payments on its debt are well covered by EBIT (6.1x coverage).