Italian Edibles Balance Sheet Health
Financial Health criteria checks 3/6
Italian Edibles has a total shareholder equity of ₹428.2M and total debt of ₹177.9M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are ₹786.0M and ₹357.9M respectively. Italian Edibles's EBIT is ₹69.1M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹2.0M.
Key information
41.6%
Debt to equity ratio
₹177.94m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹1.97m |
| Equity | ₹428.16m |
| Total liabilities | ₹357.86m |
| Total assets | ₹786.02m |
Financial Position Analysis
Short Term Liabilities: ITALIANE's short term assets (₹652.5M) exceed its short term liabilities (₹309.2M).
Long Term Liabilities: ITALIANE's short term assets (₹652.5M) exceed its long term liabilities (₹48.6M).
Debt to Equity History and Analysis
Debt Level: ITALIANE's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: ITALIANE's debt to equity ratio has reduced from 283% to 41.6% over the past 5 years.
Debt Coverage: ITALIANE's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: ITALIANE's interest payments on its debt are not well covered by EBIT (2.9x coverage).