Banas Finance Balance Sheet Health
Financial Health criteria checks 4/6
Banas Finance has a total shareholder equity of ₹1.8B and total debt of ₹36.3M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ₹1.9B and ₹94.0M respectively.
Key information
2.0%
Debt to equity ratio
₹36.34m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹101.24m |
| Equity | ₹1.80b |
| Total liabilities | ₹94.03m |
| Total assets | ₹1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509053's short term assets (₹359.9M) exceed its short term liabilities (₹39.5M).
Long Term Liabilities: 509053's short term assets (₹359.9M) exceed its long term liabilities (₹54.5M).
Debt to Equity History and Analysis
Debt Level: 509053 has more cash than its total debt.
Reducing Debt: 509053's debt to equity ratio has reduced from 24.6% to 2% over the past 5 years.
Debt Coverage: 509053's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 509053's interest payments on its debt are well covered by EBIT.