Veekayem Fashion And Apparels Balance Sheet Health
Financial Health criteria checks 3/6
Veekayem Fashion And Apparels has a total shareholder equity of ₹387.8M and total debt of ₹878.9M, which brings its debt-to-equity ratio to 226.7%. Its total assets and total liabilities are ₹1.5B and ₹1.1B respectively. Veekayem Fashion And Apparels's EBIT is ₹130.7M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹839.0K.
Key information
226.7%
Debt to equity ratio
₹878.91m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹839.00k |
| Equity | ₹387.76m |
| Total liabilities | ₹1.12b |
| Total assets | ₹1.50b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEEKAYEM's short term assets (₹1.3B) exceed its short term liabilities (₹984.0M).
Long Term Liabilities: VEEKAYEM's short term assets (₹1.3B) exceed its long term liabilities (₹131.7M).
Debt to Equity History and Analysis
Debt Level: VEEKAYEM's net debt to equity ratio (226.4%) is considered high.
Reducing Debt: VEEKAYEM's debt to equity ratio has reduced from 235.8% to 226.7% over the past 5 years.
Debt Coverage: VEEKAYEM's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: VEEKAYEM's interest payments on its debt are not well covered by EBIT (1.5x coverage).