Tasty Bite Eatables Balance Sheet Health
Financial Health criteria checks 6/6
Tasty Bite Eatables has a total shareholder equity of ₹2.9B and total debt of ₹338.6M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are ₹4.5B and ₹1.6B respectively. Tasty Bite Eatables's EBIT is ₹625.4M making its interest coverage ratio 8.9. It has cash and short-term investments of ₹85.9M.
Key information
11.8%
Debt to equity ratio
₹338.57m
Debt
Interest coverage ratio | 8.9x |
Cash | ₹85.92m |
Equity | ₹2.87b |
Total liabilities | ₹1.60b |
Total assets | ₹4.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519091's short term assets (₹1.8B) exceed its short term liabilities (₹818.0M).
Long Term Liabilities: 519091's short term assets (₹1.8B) exceed its long term liabilities (₹783.3M).
Debt to Equity History and Analysis
Debt Level: 519091's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 519091's debt to equity ratio has reduced from 29.2% to 11.8% over the past 5 years.
Debt Coverage: 519091's debt is well covered by operating cash flow (197.3%).
Interest Coverage: 519091's interest payments on its debt are well covered by EBIT (8.9x coverage).