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 ratio | 1.4x |
| 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 Limited's (NSE:LEMERITE) Shares Leap 30% Yet They're Still Not Telling The Full Story
Jul 24Even With A 31% Surge, Cautious Investors Are Not Rewarding Le Merite Exports Limited's (NSE:LEMERITE) Performance Completely
Jun 08Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Mar 19Investors 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 (₹2.2B) 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 20:51 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Le Merite Exports Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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