Veekayem Fashion And Apparels Balance Sheet Health
Financial Health criteria checks 3/6
Veekayem Fashion And Apparels has a total shareholder equity of ₹412.5M and total debt of ₹956.5M, which brings its debt-to-equity ratio to 231.9%. Its total assets and total liabilities are ₹1.6B and ₹1.1B respectively. Veekayem Fashion And Apparels's EBIT is ₹150.3M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹704.0K.
Key information
231.9%
Debt to equity ratio
₹956.46m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹704.00k |
| Equity | ₹412.52m |
| Total liabilities | ₹1.14b |
| Total assets | ₹1.55b |
Recent financial health updates
Veekayem Fashion And Apparels (NSE:VEEKAYEM) Has A Somewhat Strained Balance Sheet
Jul 16
We Think Veekayem Fashion And Apparels (NSE:VEEKAYEM) Is Taking Some Risk With Its Debt
Jan 24Recent updates
Do 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 (₹1.3B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: VEEKAYEM's short term assets (₹1.3B) exceed its long term liabilities (₹119.0M).
Debt to Equity History and Analysis
Debt Level: VEEKAYEM's net debt to equity ratio (231.7%) is considered high.
Reducing Debt: VEEKAYEM's debt to equity ratio has reduced from 237% to 231.9% over the past 5 years.
Debt Coverage: VEEKAYEM's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: VEEKAYEM's interest payments on its debt are not well covered by EBIT (1.6x coverage).