Aakash Exploration Services Balance Sheet Health
Financial Health criteria checks 6/6
Aakash Exploration Services has a total shareholder equity of ₹598.3M and total debt of ₹176.1M, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ₹866.9M and ₹268.6M respectively. Aakash Exploration Services's EBIT is ₹77.3M making its interest coverage ratio 4.2. It has cash and short-term investments of ₹40.6M.
Key information
29.4%
Debt to equity ratio
₹176.12m
Debt
| Interest coverage ratio | 4.2x |
| Cash | ₹40.63m |
| Equity | ₹598.28m |
| Total liabilities | ₹268.61m |
| Total assets | ₹866.89m |
Recent financial health updates
Here's Why Aakash Exploration Services (NSE:AAKASH) Can Manage Its Debt Responsibly
Jul 02
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 07Recent updates
Earnings Working Against Aakash Exploration Services Limited's (NSE:AAKASH) Share Price
Nov 04Here's Why Aakash Exploration Services (NSE:AAKASH) Can Manage Its Debt Responsibly
Jul 02Aakash Exploration Services Limited's (NSE:AAKASH) Price Is Out Of Tune With Earnings
May 23Is 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 06
We 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 (₹250.1M) exceed its short term liabilities (₹183.7M).
Long Term Liabilities: AAKASH's short term assets (₹250.1M) exceed its long term liabilities (₹84.9M).
Debt to Equity History and Analysis
Debt Level: AAKASH's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: AAKASH's debt to equity ratio has reduced from 83.5% to 29.4% over the past 5 years.
Debt Coverage: AAKASH's debt is well covered by operating cash flow (48.2%).
Interest Coverage: AAKASH's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 16:32 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Aakash Exploration Services Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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