Banas Finance Balance Sheet Health
Financial Health criteria checks 3/6
Banas Finance has a total shareholder equity of ₹1.7B and total debt of ₹65.5M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ₹1.8B and ₹66.9M respectively.
Key information
3.8%
Debt to equity ratio
₹65.52m
Debt
Interest coverage ratio | n/a |
Cash | ₹57.26m |
Equity | ₹1.74b |
Total liabilities | ₹66.93m |
Total assets | ₹1.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509053's short term assets (₹356.5M) exceed its short term liabilities (₹66.9M).
Long Term Liabilities: 509053's short term assets (₹356.5M) do not cover its long term liabilities (₹-100.0).
Debt to Equity History and Analysis
Debt Level: 509053's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: 509053's debt to equity ratio has reduced from 15.8% to 3.8% 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.