Elitecon International Balance Sheet Health
Financial Health criteria checks 1/6
Elitecon International has a total shareholder equity of ₹-694.0M and total debt of ₹1.4B, which brings its debt-to-equity ratio to -206.1%. Its total assets and total liabilities are ₹1.2B and ₹1.9B respectively. Elitecon International's EBIT is ₹121.3M making its interest coverage ratio 25.3. It has cash and short-term investments of ₹18.2M.
Key information
-206.1%
Debt to equity ratio
₹1.43b
Debt
| Interest coverage ratio | 25.3x |
| Cash | ₹18.23m |
| Equity | -₹693.96m |
| Total liabilities | ₹1.89b |
| Total assets | ₹1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539533 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 539533 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 539533 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 539533's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 539533's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539533's interest payments on its debt are well covered by EBIT (25.3x coverage).