Comfort Fincap Balance Sheet Health
Financial Health criteria checks 4/6
Comfort Fincap has a total shareholder equity of ₹550.1M and total debt of ₹260.7M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are ₹831.2M and ₹281.1M respectively. Comfort Fincap's EBIT is ₹99.3M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹2.1M.
Key information
47.4%
Debt to equity ratio
₹260.66m
Debt
Interest coverage ratio | 3.7x |
Cash | ₹2.14m |
Equity | ₹550.11m |
Total liabilities | ₹281.07m |
Total assets | ₹831.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 535267's short term assets (₹750.0M) exceed its short term liabilities (₹270.2M).
Long Term Liabilities: 535267's short term assets (₹750.0M) exceed its long term liabilities (₹10.9M).
Debt to Equity History and Analysis
Debt Level: 535267's net debt to equity ratio (47%) is considered high.
Reducing Debt: 535267's debt to equity ratio has reduced from 56.2% to 47.4% over the past 5 years.
Debt Coverage: 535267's debt is not well covered by operating cash flow (16%).
Interest Coverage: 535267's interest payments on its debt are well covered by EBIT (3.7x coverage).