Futuristic Solutions Balance Sheet Health
Financial Health criteria checks 6/6
Futuristic Solutions has a total shareholder equity of ₹151.3M and total debt of ₹6.6M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are ₹159.4M and ₹8.1M respectively. Futuristic Solutions's EBIT is ₹36.7M making its interest coverage ratio 111.4. It has cash and short-term investments of ₹66.5M.
Key information
4.3%
Debt to equity ratio
₹6.56m
Debt
Interest coverage ratio | 111.4x |
Cash | ₹66.47m |
Equity | ₹151.30m |
Total liabilities | ₹8.07m |
Total assets | ₹159.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534063's short term assets (₹122.6M) exceed its short term liabilities (₹1.3M).
Long Term Liabilities: 534063's short term assets (₹122.6M) exceed its long term liabilities (₹6.8M).
Debt to Equity History and Analysis
Debt Level: 534063 has more cash than its total debt.
Reducing Debt: 534063's debt to equity ratio has reduced from 35.6% to 4.3% over the past 5 years.
Debt Coverage: 534063's debt is well covered by operating cash flow (289%).
Interest Coverage: 534063's interest payments on its debt are well covered by EBIT (111.4x coverage).