Shri Techtex Balance Sheet Health
Financial Health criteria checks 3/6
Shri Techtex has a total shareholder equity of ₹301.2M and total debt of ₹382.0M, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are ₹738.6M and ₹437.5M respectively. Shri Techtex's EBIT is ₹112.7M making its interest coverage ratio 32.7. It has cash and short-term investments of ₹9.5M.
Key information
126.9%
Debt to equity ratio
₹382.05m
Debt
Interest coverage ratio | 32.7x |
Cash | ₹9.52m |
Equity | ₹301.16m |
Total liabilities | ₹437.48m |
Total assets | ₹738.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHRITECH's short term assets (₹340.6M) exceed its short term liabilities (₹120.0M).
Long Term Liabilities: SHRITECH's short term assets (₹340.6M) exceed its long term liabilities (₹317.5M).
Debt to Equity History and Analysis
Debt Level: SHRITECH's net debt to equity ratio (123.7%) is considered high.
Reducing Debt: Insufficient data to determine if SHRITECH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SHRITECH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SHRITECH's interest payments on its debt are well covered by EBIT (32.7x coverage).