Lakshmi Finance & Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Lakshmi Finance & Industrial has a total shareholder equity of ₹508.3M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹541.8M and ₹33.5M respectively. Lakshmi Finance & Industrial's EBIT is ₹119.6M making its interest coverage ratio 1107.7. It has cash and short-term investments of ₹34.5M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 1107.7x |
| Cash | ₹34.46m |
| Equity | ₹508.28m |
| Total liabilities | ₹33.54m |
| Total assets | ₹541.83m |
Recent financial health updates
No updates
Recent updates
Should Lakshmi Finance & Industrial Corporation Limited (NSE:LFIC) Be Part Of Your Dividend Portfolio?
May 05
What Can We Learn About Lakshmi Finance & Industrial's (NSE:LFIC) CEO Compensation?
Feb 28Should You Buy Lakshmi Finance & Industrial Corporation Limited (NSE:LFIC) For Its 2.7% Dividend?
Jan 21
What Can We Conclude About Lakshmi Finance & Industrial's (NSE:LFIC) CEO Pay?
Nov 30Financial Position Analysis
Short Term Liabilities: LFIC's short term assets (₹34.5M) exceed its short term liabilities (₹2.5M).
Long Term Liabilities: LFIC's short term assets (₹34.5M) exceed its long term liabilities (₹31.1M).
Debt to Equity History and Analysis
Debt Level: LFIC is debt free.
Reducing Debt: LFIC had no debt 5 years ago.
Debt Coverage: LFIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LFIC has no debt, therefore coverage of interest payments is not a concern.