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 ₹363.7M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹4.6B and ₹1.7B respectively. Tasty Bite Eatables's EBIT is ₹308.8M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹88.0M.
Key information
12.6%
Debt to equity ratio
₹363.66m
Debt
| Interest coverage ratio | 5.4x |
| Cash | ₹88.03m |
| Equity | ₹2.89b |
| Total liabilities | ₹1.69b |
| Total assets | ₹4.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519091's short term assets (₹2.0B) exceed its short term liabilities (₹964.8M).
Long Term Liabilities: 519091's short term assets (₹2.0B) exceed its long term liabilities (₹723.6M).
Debt to Equity History and Analysis
Debt Level: 519091's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 519091's debt to equity ratio has reduced from 23.8% to 12.6% over the past 5 years.
Debt Coverage: 519091's debt is well covered by operating cash flow (111.7%).
Interest Coverage: 519091's interest payments on its debt are well covered by EBIT (5.4x coverage).