Explicit Finance Balance Sheet Health
Financial Health criteria checks 5/6
Explicit Finance has a total shareholder equity of ₹77.3M and total debt of ₹400.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ₹77.9M and ₹924.0K respectively. Explicit Finance's EBIT is ₹5.4M making its interest coverage ratio 65. It has cash and short-term investments of ₹8.0M.
Key information
0.5%
Debt to equity ratio
₹400.00k
Debt
Interest coverage ratio | 65x |
Cash | ₹7.99m |
Equity | ₹77.27m |
Total liabilities | ₹924.00k |
Total assets | ₹77.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530571's short term assets (₹77.3M) exceed its short term liabilities (₹280.0K).
Long Term Liabilities: 530571's short term assets (₹77.3M) exceed its long term liabilities (₹644.0K).
Debt to Equity History and Analysis
Debt Level: 530571 has more cash than its total debt.
Reducing Debt: 530571's debt to equity ratio has reduced from 0.8% to 0.5% over the past 5 years.
Debt Coverage: 530571's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530571's interest payments on its debt are well covered by EBIT (65x coverage).