Akme Fintrade (India) Balance Sheet Health
Financial Health criteria checks 3/6
Akme Fintrade (India) has a total shareholder equity of ₹2.2B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 89.9%. Its total assets and total liabilities are ₹4.2B and ₹2.0B respectively.
Key information
89.9%
Debt to equity ratio
₹1.95b
Debt
Interest coverage ratio | n/a |
Cash | ₹132.52m |
Equity | ₹2.17b |
Total liabilities | ₹2.01b |
Total assets | ₹4.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFIL's short term assets (₹4.0B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: AFIL's short term assets (₹4.0B) exceed its long term liabilities (₹940.0M).
Debt to Equity History and Analysis
Debt Level: AFIL's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: AFIL's debt to equity ratio has reduced from 455.9% to 89.9% over the past 5 years.
Debt Coverage: AFIL's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: Insufficient data to determine if AFIL's interest payments on its debt are well covered by EBIT.