Le Merite Exports Limited

NSEI:LEMERITE Stock Report

Market Cap: ₹5.4b

Le Merite Exports Balance Sheet Health

Financial Health criteria checks 3/6

Le Merite Exports has a total shareholder equity of ₹952.1M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 108.1%. Its total assets and total liabilities are ₹2.4B and ₹1.4B respectively. Le Merite Exports's EBIT is ₹62.4M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹574.3M.

Key information

108.1%

Debt to equity ratio

₹1.03b

Debt

Interest coverage ratio1.4x
Cash₹574.25m
Equity₹952.08m
Total liabilities₹1.43b
Total assets₹2.39b

Recent financial health updates

Recent updates

Le Merite Exports (NSE:LEMERITE) Has A Somewhat Strained Balance Sheet

Sep 28
Le Merite Exports (NSE:LEMERITE) Has A Somewhat Strained Balance Sheet

Le Merite Exports Limited's (NSE:LEMERITE) Shares Leap 30% Yet They're Still Not Telling The Full Story

Jul 24
Le Merite Exports Limited's (NSE:LEMERITE) Shares Leap 30% Yet They're Still Not Telling The Full Story

Even With A 31% Surge, Cautious Investors Are Not Rewarding Le Merite Exports Limited's (NSE:LEMERITE) Performance Completely

Jun 08
Even With A 31% Surge, Cautious Investors Are Not Rewarding Le Merite Exports Limited's (NSE:LEMERITE) Performance Completely

Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital

Mar 19
Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital

Investors Could Be Concerned With Le Merite Exports' (NSE:LEMERITE) Returns On Capital

Oct 24
Investors Could Be Concerned With Le Merite Exports' (NSE:LEMERITE) Returns On Capital

Le Merite Exports (NSE:LEMERITE) Is Reinvesting At Lower Rates Of Return

Jul 08
Le Merite Exports (NSE:LEMERITE) Is Reinvesting At Lower Rates Of Return

Market Might Still Lack Some Conviction On Le Merite Exports Limited (NSE:LEMERITE) Even After 30% Share Price Boost

Sep 15
Market Might Still Lack Some Conviction On Le Merite Exports Limited (NSE:LEMERITE) Even After 30% Share Price Boost

Financial Position Analysis

Short Term Liabilities: LEMERITE's short term assets (₹2.2B) exceed its short term liabilities (₹1.4B).

Long Term Liabilities: LEMERITE's short term assets (₹2.2B) exceed its long term liabilities (₹19.6M).


Debt to Equity History and Analysis

Debt Level: LEMERITE's net debt to equity ratio (47.8%) is considered high.

Reducing Debt: LEMERITE's debt to equity ratio has reduced from 212.5% to 108.1% over the past 5 years.

Debt Coverage: LEMERITE's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: LEMERITE's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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