Indong Tea Balance Sheet Health
Financial Health criteria checks 3/6
Indong Tea has a total shareholder equity of ₹517.7M and total debt of ₹85.9M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are ₹647.8M and ₹130.1M respectively. Indong Tea's EBIT is ₹18.0M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹40.8M.
Key information
16.6%
Debt to equity ratio
₹85.89m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹40.80m |
Equity | ₹517.72m |
Total liabilities | ₹130.13m |
Total assets | ₹647.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543769's short term assets (₹91.8M) exceed its short term liabilities (₹32.2M).
Long Term Liabilities: 543769's short term assets (₹91.8M) do not cover its long term liabilities (₹98.0M).
Debt to Equity History and Analysis
Debt Level: 543769's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: 543769's debt to equity ratio has reduced from 70.4% to 16.6% over the past 5 years.
Debt Coverage: 543769's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543769's interest payments on its debt are not well covered by EBIT (2.8x coverage).