Hoac Foods India Balance Sheet Health
Financial Health criteria checks 3/6
Hoac Foods India has a total shareholder equity of ₹33.5M and total debt of ₹22.6M, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are ₹79.6M and ₹46.1M respectively. Hoac Foods India's EBIT is ₹16.9M making its interest coverage ratio 5.2. It has cash and short-term investments of ₹4.4M.
Key information
67.3%
Debt to equity ratio
₹22.56m
Debt
| Interest coverage ratio | 5.2x |
| Cash | ₹4.38m |
| Equity | ₹33.53m |
| Total liabilities | ₹46.08m |
| Total assets | ₹79.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOACFOODS's short term assets (₹70.0M) exceed its short term liabilities (₹37.8M).
Long Term Liabilities: HOACFOODS's short term assets (₹70.0M) exceed its long term liabilities (₹8.3M).
Debt to Equity History and Analysis
Debt Level: HOACFOODS's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: Insufficient data to determine if HOACFOODS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HOACFOODS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HOACFOODS's interest payments on its debt are well covered by EBIT (5.2x coverage).