Touchwood Entertainment Balance Sheet Health
Financial Health criteria checks 5/6
Touchwood Entertainment has a total shareholder equity of ₹359.4M and total debt of ₹17.2M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹429.4M and ₹70.0M respectively. Touchwood Entertainment's EBIT is ₹48.0M making its interest coverage ratio 57.1. It has cash and short-term investments of ₹266.8M.
Key information
4.8%
Debt to equity ratio
₹17.21m
Debt
| Interest coverage ratio | 57.1x |
| Cash | ₹266.77m |
| Equity | ₹359.43m |
| Total liabilities | ₹69.95m |
| Total assets | ₹429.38m |
Recent financial health updates
No updates
Recent updates
Touchwood Entertainment's (NSE:TOUCHWOOD) Upcoming Dividend Will Be Larger Than Last Year's
Sep 07
Touchwood Entertainment Limited's (NSE:TOUCHWOOD) Earnings Haven't Escaped The Attention Of Investors
Aug 08Some Touchwood Entertainment Limited (NSE:TOUCHWOOD) Shareholders Look For Exit As Shares Take 27% Pounding
Mar 15Does Touchwood Entertainment (NSE:TOUCHWOOD) Deserve A Spot On Your Watchlist?
Apr 18With EPS Growth And More, Touchwood Entertainment (NSE:TOUCHWOOD) Makes An Interesting Case
Jan 12Does Touchwood Entertainment (NSE:TOUCHWOOD) Deserve A Spot On Your Watchlist?
Sep 15Investors In Touchwood Entertainment Limited (NSE:TOUCHWOOD) Should Consider This, First
Dec 17
Financial Position Analysis
Short Term Liabilities: TOUCHWOOD's short term assets (₹367.8M) exceed its short term liabilities (₹48.6M).
Long Term Liabilities: TOUCHWOOD's short term assets (₹367.8M) exceed its long term liabilities (₹21.4M).
Debt to Equity History and Analysis
Debt Level: TOUCHWOOD has more cash than its total debt.
Reducing Debt: TOUCHWOOD's debt to equity ratio has reduced from 5.4% to 4.8% over the past 5 years.
Debt Coverage: TOUCHWOOD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOUCHWOOD's interest payments on its debt are well covered by EBIT (57.1x coverage).