Coastal Balance Sheet Health
Financial Health criteria checks 2/6
Coastal has a total shareholder equity of ₹2.6B and total debt of ₹2.7B, which brings its debt-to-equity ratio to 101.3%. Its total assets and total liabilities are ₹5.5B and ₹2.9B respectively. Coastal's EBIT is ₹126.8M making its interest coverage ratio 1. It has cash and short-term investments of ₹460.9M.
Key information
101.3%
Debt to equity ratio
₹2.66b
Debt
| Interest coverage ratio | 1x |
| Cash | ₹460.87m |
| Equity | ₹2.63b |
| Total liabilities | ₹2.90b |
| Total assets | ₹5.53b |
Recent financial health updates
Recent updates
Here's Why Coastal (NSE:COASTCORP) Has A Meaningful Debt Burden
Mar 18
Subdued Growth No Barrier To Coastal Corporation Limited (NSE:COASTCORP) With Shares Advancing 28%
Jan 05Returns On Capital At Coastal (NSE:COASTCORP) Paint A Concerning Picture
May 31Some Investors May Be Worried About Coastal's (NSE:COASTCORP) Returns On Capital
Dec 26We Believe That Coastal's (NSE:COASTCORP) Weak Earnings Are A Good Indicator Of Underlying Profitability
Nov 19The Market Doesn't Like What It Sees From Coastal Corporation Limited's (NSE:COASTCORP) Earnings Yet
Nov 05Financial Position Analysis
Short Term Liabilities: COASTCORP's short term assets (₹2.9B) exceed its short term liabilities (₹2.1B).
Long Term Liabilities: COASTCORP's short term assets (₹2.9B) exceed its long term liabilities (₹790.4M).
Debt to Equity History and Analysis
Debt Level: COASTCORP's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: COASTCORP's debt to equity ratio has increased from 88.8% to 101.3% over the past 5 years.
Debt Coverage: COASTCORP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: COASTCORP's interest payments on its debt are not well covered by EBIT (1x coverage).