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 ratio | n/a |
| Cash | ₹10.02m |
| Equity | ₹629.09m |
| Total liabilities | ₹570.82m |
| Total assets | ₹1.20b |
Recent financial health updates
Is Laxmi Cotspin (NSE:LAXMICOT) A Risky Investment?
Feb 18
Is Laxmi Cotspin (NSE:LAXMICOT) Weighed On By Its Debt Load?
Sep 07Laxmi Cotspin (NSE:LAXMICOT) Has A Somewhat Strained Balance Sheet
Dec 26Here's Why Laxmi Cotspin (NSE:LAXMICOT) Is Weighed Down By Its Debt Load
Aug 31We Think Laxmi Cotspin (NSE:LAXMICOT) Can Stay On Top Of Its Debt
Nov 18Recent updates
Is Laxmi Cotspin (NSE:LAXMICOT) A Risky Investment?
Feb 18There's Reason For Concern Over Laxmi Cotspin Limited's (NSE:LAXMICOT) Price
Dec 27Is Laxmi Cotspin (NSE:LAXMICOT) Weighed On By Its Debt Load?
Sep 07Laxmi Cotspin (NSE:LAXMICOT) Has A Somewhat Strained Balance Sheet
Dec 26Here's Why Laxmi Cotspin (NSE:LAXMICOT) Is Weighed Down By Its Debt Load
Aug 31Here's Why We Think Laxmi Cotspin (NSE:LAXMICOT) Might Deserve Your Attention Today
Jul 23We Think Laxmi Cotspin (NSE:LAXMICOT) Can Stay On Top Of Its Debt
Nov 18Sanjay Rathi Is The MD & Director of Laxmi Cotspin Limited (NSE:LAXMICOT) And They Just Picked Up 9.5% More Shares
Feb 27What Does Laxmi Cotspin's (NSE:LAXMICOT) CEO Pay Reveal?
Dec 06
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 97.9% 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.