Algoquant Fintech Balance Sheet Health
Financial Health criteria checks 5/6
Algoquant Fintech has a total shareholder equity of ₹469.3M and total debt of ₹280.5M, which brings its debt-to-equity ratio to 59.8%. Its total assets and total liabilities are ₹850.8M and ₹381.5M respectively. Algoquant Fintech's EBIT is ₹145.5M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹306.2M.
Key information
59.8%
Debt to equity ratio
₹280.53m
Debt
| Interest coverage ratio | 5.4x |
| Cash | ₹306.16m |
| Equity | ₹469.31m |
| Total liabilities | ₹381.49m |
| Total assets | ₹850.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505725's short term assets (₹689.0M) exceed its short term liabilities (₹344.9M).
Long Term Liabilities: 505725's short term assets (₹689.0M) exceed its long term liabilities (₹36.6M).
Debt to Equity History and Analysis
Debt Level: 505725 has more cash than its total debt.
Reducing Debt: 505725's debt to equity ratio has increased from 0% to 59.8% over the past 5 years.
Debt Coverage: 505725's debt is well covered by operating cash flow (88.9%).
Interest Coverage: 505725's interest payments on its debt are well covered by EBIT (5.4x coverage).