Aakash Exploration Services Balance Sheet Health
Financial Health criteria checks 5/6
Aakash Exploration Services has a total shareholder equity of ₹545.9M and total debt of ₹188.8M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ₹805.7M and ₹259.7M respectively. Aakash Exploration Services's EBIT is ₹64.9M making its interest coverage ratio 4.1. It has cash and short-term investments of ₹1.4M.
Key information
34.6%
Debt to equity ratio
₹188.78m
Debt
Interest coverage ratio | 4.1x |
Cash | ₹1.37m |
Equity | ₹545.93m |
Total liabilities | ₹259.72m |
Total assets | ₹805.66m |
Recent financial health updates
Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Feb 06Does Aakash Exploration Services (NSE:AAKASH) Have A Healthy Balance Sheet?
Aug 29We Think Aakash Exploration Services (NSE:AAKASH) Can Stay On Top Of Its Debt
Dec 31Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Jun 12Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Nov 07Does Aakash Exploration Services (NSE:AAKASH) Have A Healthy Balance Sheet?
Jul 20Recent updates
Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Feb 06Aakash Exploration Services Limited (NSE:AAKASH) Held Back By Insufficient Growth Even After Shares Climb 56%
Dec 19Does Aakash Exploration Services (NSE:AAKASH) Have A Healthy Balance Sheet?
Aug 29We Think Aakash Exploration Services (NSE:AAKASH) Can Stay On Top Of Its Debt
Dec 31Here's Why We Think Aakash Exploration Services (NSE:AAKASH) Might Deserve Your Attention Today
Sep 10Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Jun 12If You Like EPS Growth Then Check Out Aakash Exploration Services (NSE:AAKASH) Before It's Too Late
May 16Is Now The Time To Put Aakash Exploration Services (NSE:AAKASH) On Your Watchlist?
Feb 02Is Aakash Exploration Services (NSE:AAKASH) Using Too Much Debt?
Nov 07If You Like EPS Growth Then Check Out Aakash Exploration Services (NSE:AAKASH) Before It's Too Late
Sep 22Does Aakash Exploration Services (NSE:AAKASH) Have A Healthy Balance Sheet?
Jul 20These 4 Measures Indicate That Aakash Exploration Services (NSE:AAKASH) Is Using Debt Extensively
Mar 15Aakash Exploration Services Limited's (NSE:AAKASH) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Feb 06We Think Aakash Exploration Services (NSE:AAKASH) Can Stay On Top Of Its Debt
Dec 15Financial Position Analysis
Short Term Liabilities: AAKASH's short term assets (₹164.6M) do not cover its short term liabilities (₹183.9M).
Long Term Liabilities: AAKASH's short term assets (₹164.6M) exceed its long term liabilities (₹75.8M).
Debt to Equity History and Analysis
Debt Level: AAKASH's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: AAKASH's debt to equity ratio has reduced from 82.7% to 34.6% over the past 5 years.
Debt Coverage: AAKASH's debt is well covered by operating cash flow (113.8%).
Interest Coverage: AAKASH's interest payments on its debt are well covered by EBIT (4.1x coverage).