Veekayem Fashion and Apparels Balance Sheet Health
Financial Health criteria checks 3/6
Veekayem Fashion and Apparels has a total shareholder equity of ₹504.9M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 201.8%. Its total assets and total liabilities are ₹1.9B and ₹1.4B respectively. Veekayem Fashion and Apparels's EBIT is ₹171.1M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹568.0K.
Key information
201.8%
Debt to equity ratio
₹1.02b
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹568.00k |
| Equity | ₹504.89m |
| Total liabilities | ₹1.38b |
| Total assets | ₹1.88b |
Recent financial health updates
These 4 Measures Indicate That Veekayem Fashion and Apparels (NSE:VEEKAYEM) Is Using Debt Extensively
Dec 18
Veekayem Fashion And Apparels (NSE:VEEKAYEM) Has A Somewhat Strained Balance Sheet
Jul 16We Think Veekayem Fashion And Apparels (NSE:VEEKAYEM) Is Taking Some Risk With Its Debt
Jan 24Recent updates
These 4 Measures Indicate That Veekayem Fashion and Apparels (NSE:VEEKAYEM) Is Using Debt Extensively
Dec 18Veekayem Fashion And Apparels Limited (NSE:VEEKAYEM) Soars 29% But It's A Story Of Risk Vs Reward
Sep 25Do Veekayem Fashion And Apparels' (NSE:VEEKAYEM) Earnings Warrant Your Attention?
Aug 28Veekayem Fashion And Apparels (NSE:VEEKAYEM) Has A Somewhat Strained Balance Sheet
Jul 16Here's Why Veekayem Fashion And Apparels (NSE:VEEKAYEM) Has Caught The Eye Of Investors
May 29A Look At The Fair Value Of Veekayem Fashion And Apparels Limited (NSE:VEEKAYEM)
Mar 04We Think Veekayem Fashion And Apparels (NSE:VEEKAYEM) Is Taking Some Risk With Its Debt
Jan 24If EPS Growth Is Important To You, Veekayem Fashion And Apparels (NSE:VEEKAYEM) Presents An Opportunity
Dec 18Financial Position Analysis
Short Term Liabilities: VEEKAYEM's short term assets (₹1.6B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: VEEKAYEM's short term assets (₹1.6B) exceed its long term liabilities (₹139.4M).
Debt to Equity History and Analysis
Debt Level: VEEKAYEM's net debt to equity ratio (201.7%) is considered high.
Reducing Debt: VEEKAYEM's debt to equity ratio has reduced from 244.3% to 201.8% over the past 5 years.
Debt Coverage: VEEKAYEM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VEEKAYEM's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 09:39 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Veekayem Fashion and Apparels 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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