Laxmi Cotspin Limited

NSEI:LAXMICOT Stock Report

Market Cap: ₹579.8m

Laxmi Cotspin Balance Sheet Health

Financial Health criteria checks 3/6

Laxmi Cotspin has a total shareholder equity of ₹629.1M and total debt of ₹501.8M, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are ₹1.2B and ₹570.8M respectively.

Key information

79.8%

Debt to equity ratio

₹501.85m

Debt

Interest coverage ration/a
Cash₹10.02m
Equity₹629.09m
Total liabilities₹570.82m
Total assets₹1.20b

Recent financial health updates

Recent updates

Laxmi Cotspin Limited's (NSE:LAXMICOT) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Aug 23
Laxmi Cotspin Limited's (NSE:LAXMICOT) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Does Laxmi Cotspin (NSE:LAXMICOT) Have A Healthy Balance Sheet?

Jul 30
Does Laxmi Cotspin (NSE:LAXMICOT) Have A Healthy Balance Sheet?

Why Investors Shouldn't Be Surprised By Laxmi Cotspin Limited's (NSE:LAXMICOT) Low P/S

Jun 05
Why Investors Shouldn't Be Surprised By Laxmi Cotspin Limited's (NSE:LAXMICOT) Low P/S

Is Laxmi Cotspin (NSE:LAXMICOT) A Risky Investment?

Feb 18
Is Laxmi Cotspin (NSE:LAXMICOT) A Risky Investment?

There's Reason For Concern Over Laxmi Cotspin Limited's (NSE:LAXMICOT) Price

Dec 27
There's Reason For Concern Over Laxmi Cotspin Limited's (NSE:LAXMICOT) Price

Is Laxmi Cotspin (NSE:LAXMICOT) Weighed On By Its Debt Load?

Sep 07
Is Laxmi Cotspin (NSE:LAXMICOT) Weighed On By Its Debt Load?

Laxmi Cotspin (NSE:LAXMICOT) Has A Somewhat Strained Balance Sheet

Dec 26
Laxmi Cotspin (NSE:LAXMICOT) Has A Somewhat Strained Balance Sheet

Here's Why Laxmi Cotspin (NSE:LAXMICOT) Is Weighed Down By Its Debt Load

Aug 31
Here's Why Laxmi Cotspin (NSE:LAXMICOT) Is Weighed Down By Its Debt Load

Here's Why We Think Laxmi Cotspin (NSE:LAXMICOT) Might Deserve Your Attention Today

Jul 23
Here's Why We Think Laxmi Cotspin (NSE:LAXMICOT) Might Deserve Your Attention Today

We Think Laxmi Cotspin (NSE:LAXMICOT) Can Stay On Top Of Its Debt

Nov 18
We Think Laxmi Cotspin (NSE:LAXMICOT) Can Stay On Top Of Its Debt

Sanjay Rathi Is The MD & Director of Laxmi Cotspin Limited (NSE:LAXMICOT) And They Just Picked Up 9.5% More Shares

Feb 27
Sanjay Rathi Is The MD & Director of Laxmi Cotspin Limited (NSE:LAXMICOT) And They Just Picked Up 9.5% More Shares

What Does Laxmi Cotspin's (NSE:LAXMICOT) CEO Pay Reveal?

Dec 06
What Does Laxmi Cotspin's (NSE:LAXMICOT) CEO Pay Reveal?

Financial Position Analysis

Short Term Liabilities: LAXMICOT's short term assets (₹787.1M) exceed its short term liabilities (₹501.2M).

Long Term Liabilities: LAXMICOT's short term assets (₹787.1M) exceed its long term liabilities (₹69.6M).


Debt to Equity History and Analysis

Debt Level: LAXMICOT's net debt to equity ratio (78.2%) is considered high.

Reducing Debt: LAXMICOT's debt to equity ratio has reduced from 79.9% to 79.8% over the past 5 years.

Debt Coverage: LAXMICOT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if LAXMICOT's interest payments on its debt are well covered by EBIT.


Balance Sheet


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