Le Merite Exports Balance Sheet Health
Financial Health criteria checks 2/6
Le Merite Exports has a total shareholder equity of ₹921.7M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 111.2%. Its total assets and total liabilities are ₹2.2B and ₹1.3B respectively. Le Merite Exports's EBIT is ₹47.1M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹440.2M.
Key information
111.2%
Debt to equity ratio
₹1.03b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹440.20m |
| Equity | ₹921.69m |
| Total liabilities | ₹1.27b |
| Total assets | ₹2.20b |
Recent financial health updates
No updates
Recent updates
Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Mar 19
Investors Could Be Concerned With Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Oct 24Le Merite Exports (NSE:LEMERITE) Is Reinvesting At Lower Rates Of Return
Jul 08Market Might Still Lack Some Conviction On Le Merite Exports Limited (NSE:LEMERITE) Even After 30% Share Price Boost
Sep 15Financial Position Analysis
Short Term Liabilities: LEMERITE's short term assets (₹2.0B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: LEMERITE's short term assets (₹2.0B) exceed its long term liabilities (₹47.6M).
Debt to Equity History and Analysis
Debt Level: LEMERITE's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: Insufficient data to determine if LEMERITE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LEMERITE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LEMERITE's interest payments on its debt are not well covered by EBIT (1.7x coverage).