Hit Kit Global Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Hit Kit Global Solutions has a total shareholder equity of ₹68.9M and total debt of ₹1.4M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹75.7M and ₹6.8M respectively. Hit Kit Global Solutions's EBIT is ₹382.0K making its interest coverage ratio 18.2. It has cash and short-term investments of ₹74.0K.
Key information
2.0%
Debt to equity ratio
₹1.35m
Debt
| Interest coverage ratio | 18.2x |
| Cash | ₹74.00k |
| Equity | ₹68.85m |
| Total liabilities | ₹6.84m |
| Total assets | ₹75.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532359's short term assets (₹3.4M) exceed its short term liabilities (₹2.6M).
Long Term Liabilities: 532359's short term assets (₹3.4M) do not cover its long term liabilities (₹4.3M).
Debt to Equity History and Analysis
Debt Level: 532359's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 532359's debt to equity ratio has increased from 0% to 2% 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: 532359 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 532359 is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.