Harmony Capital Services Balance Sheet Health
Financial Health criteria checks 5/6
Harmony Capital Services has a total shareholder equity of ₹13.6M and total debt of ₹472.0K, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are ₹14.3M and ₹755.0K respectively. Harmony Capital Services's EBIT is ₹2.8M making its interest coverage ratio -366.8. It has cash and short-term investments of ₹417.0K.
Key information
3.5%
Debt to equity ratio
₹472.00k
Debt
Interest coverage ratio | -366.8x |
Cash | ₹417.00k |
Equity | ₹13.58m |
Total liabilities | ₹755.00k |
Total assets | ₹14.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530055's short term assets (₹14.3M) exceed its short term liabilities (₹753.0K).
Long Term Liabilities: 530055's short term assets (₹14.3M) exceed its long term liabilities (₹2.0K).
Debt to Equity History and Analysis
Debt Level: 530055's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 530055's debt to equity ratio has increased from 0% to 3.5% over the past 5 years.
Debt Coverage: 530055's debt is well covered by operating cash flow (1715.9%).
Interest Coverage: 530055 earns more interest than it pays, so coverage of interest payments is not a concern.