Italian Edibles Balance Sheet Health
Financial Health criteria checks 4/6
Italian Edibles has a total shareholder equity of ₹107.8M and total debt of ₹173.1M, which brings its debt-to-equity ratio to 160.5%. Its total assets and total liabilities are ₹415.5M and ₹307.7M respectively. Italian Edibles's EBIT is ₹51.8M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹2.2M.
Key information
160.5%
Debt to equity ratio
₹173.06m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹2.24m |
Equity | ₹107.83m |
Total liabilities | ₹307.70m |
Total assets | ₹415.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITALIANE's short term assets (₹360.4M) exceed its short term liabilities (₹275.4M).
Long Term Liabilities: ITALIANE's short term assets (₹360.4M) exceed its long term liabilities (₹32.3M).
Debt to Equity History and Analysis
Debt Level: ITALIANE's net debt to equity ratio (158.4%) is considered high.
Reducing Debt: ITALIANE's debt to equity ratio has reduced from 288.8% to 160.5% over the past 5 years.
Debt Coverage: ITALIANE's debt is well covered by operating cash flow (33.5%).
Interest Coverage: ITALIANE's interest payments on its debt are not well covered by EBIT (2.8x coverage).