Italian Edibles Balance Sheet Health
Financial Health criteria checks 4/6
Italian Edibles has a total shareholder equity of ₹408.4M and total debt of ₹171.9M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are ₹704.0M and ₹295.7M respectively. Italian Edibles's EBIT is ₹65.4M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹6.7M.
Key information
42.1%
Debt to equity ratio
₹171.93m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹6.73m |
| Equity | ₹408.37m |
| Total liabilities | ₹295.65m |
| Total assets | ₹704.03m |
Financial Position Analysis
Short Term Liabilities: ITALIANE's short term assets (₹565.0M) exceed its short term liabilities (₹254.5M).
Long Term Liabilities: ITALIANE's short term assets (₹565.0M) exceed its long term liabilities (₹41.2M).
Debt to Equity History and Analysis
Debt Level: ITALIANE's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: ITALIANE's debt to equity ratio has reduced from 284.3% to 42.1% over the past 5 years.
Debt Coverage: ITALIANE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ITALIANE's interest payments on its debt are well covered by EBIT (3.1x coverage).