Laxmi Cotspin Balance Sheet Health
Financial Health criteria checks 3/6
Laxmi Cotspin has a total shareholder equity of ₹553.5M and total debt of ₹412.4M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are ₹1.1B and ₹516.1M respectively.
Key information
74.5%
Debt to equity ratio
₹412.42m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹3.76m |
| Equity | ₹553.54m |
| Total liabilities | ₹516.07m |
| Total assets | ₹1.07b |
Recent financial health updates
Does Laxmi Cotspin (NSE:LAXMICOT) Have A Healthy Balance Sheet?
Jul 30
Is Laxmi Cotspin (NSE:LAXMICOT) A Risky Investment?
Feb 18Is 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
Laxmi Cotspin Limited's (NSE:LAXMICOT) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Aug 23Does Laxmi Cotspin (NSE:LAXMICOT) Have A Healthy Balance Sheet?
Jul 30Why Investors Shouldn't Be Surprised By Laxmi Cotspin Limited's (NSE:LAXMICOT) Low P/S
Jun 05Is 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 (₹651.3M) exceed its short term liabilities (₹428.4M).
Long Term Liabilities: LAXMICOT's short term assets (₹651.3M) exceed its long term liabilities (₹87.7M).
Debt to Equity History and Analysis
Debt Level: LAXMICOT's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: LAXMICOT's debt to equity ratio has reduced from 79.9% to 74.5% 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.