VIP Clothing Balance Sheet Health
Financial Health criteria checks 4/6
VIP Clothing has a total shareholder equity of ₹1.5B and total debt of ₹859.7M, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are ₹2.9B and ₹1.4B respectively. VIP Clothing's EBIT is ₹76.9M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹49.5M.
Key information
57.7%
Debt to equity ratio
₹859.73m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹49.50m |
| Equity | ₹1.49b |
| Total liabilities | ₹1.39b |
| Total assets | ₹2.88b |
Recent financial health updates
Is VIP Clothing (NSE:VIPCLOTHNG) Using Too Much Debt?
Aug 27
Here's Why VIP Clothing (NSE:VIPCLOTHNG) Has A Meaningful Debt Burden
Dec 14Auditors Have Doubts About VIP Clothing (NSE:VIPCLOTHNG)
Sep 09Is VIP Clothing (NSE:VIPCLOTHNG) A Risky Investment?
Jul 15Would VIP Clothing (NSE:VIPCLOTHNG) Be Better Off With Less Debt?
Mar 08Would VIP Clothing (NSE:VIPCLOTHNG) Be Better Off With Less Debt?
Nov 19Recent updates
Investors Will Want VIP Clothing's (NSE:VIPCLOTHNG) Growth In ROCE To Persist
Apr 08Increases to CEO Compensation Might Be Put On Hold For Now at VIP Clothing Limited (NSE:VIPCLOTHNG)
Sep 08Return Trends At VIP Clothing (NSE:VIPCLOTHNG) Aren't Appealing
Nov 11We Think Some Shareholders May Hesitate To Increase VIP Clothing Limited's (NSE:VIPCLOTHNG) CEO Compensation
Sep 17Is VIP Clothing (NSE:VIPCLOTHNG) Using Too Much Debt?
Aug 27VIP Clothing (NSE:VIPCLOTHNG) Could Be Struggling To Allocate Capital
May 13VIP Clothing (NSE:VIPCLOTHNG) Is Looking To Continue Growing Its Returns On Capital
Jan 20Here's Why VIP Clothing (NSE:VIPCLOTHNG) Has A Meaningful Debt Burden
Dec 14Auditors Have Doubts About VIP Clothing (NSE:VIPCLOTHNG)
Sep 09Is VIP Clothing (NSE:VIPCLOTHNG) A Risky Investment?
Jul 15Would VIP Clothing (NSE:VIPCLOTHNG) Be Better Off With Less Debt?
Mar 08Have Insiders Been Buying VIP Clothing Limited (NSE:VIPCLOTHNG) Shares This Year?
Jan 12Would VIP Clothing (NSE:VIPCLOTHNG) Be Better Off With Less Debt?
Nov 19Need To Know: VIP Clothing Limited (NSE:VIPCLOTHNG) Insiders Have Been Buying Shares
Aug 27Sunil Pathare Is The Chairman & MD of VIP Clothing Limited (NSE:VIPCLOTHNG) And Just Spent ₹1.2m On Shares
Aug 26Is VIP Clothing (NSE:VIPCLOTHNG) Weighed On By Its Debt Load?
Jun 29
Financial Position Analysis
Short Term Liabilities: VIPCLOTHNG's short term assets (₹1.8B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: VIPCLOTHNG's short term assets (₹1.8B) exceed its long term liabilities (₹199.2M).
Debt to Equity History and Analysis
Debt Level: VIPCLOTHNG's net debt to equity ratio (54.3%) is considered high.
Reducing Debt: VIPCLOTHNG's debt to equity ratio has increased from 43% to 57.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable VIPCLOTHNG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VIPCLOTHNG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.9% per year.