Khaitan (India) Balance Sheet Health
Financial Health criteria checks 4/6
Khaitan (India) has a total shareholder equity of ₹230.2M and total debt of ₹98.8M, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are ₹713.1M and ₹482.9M respectively. Khaitan (India)'s EBIT is ₹71.2M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹11.2M.
Key information
42.9%
Debt to equity ratio
₹98.77m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹11.18m |
| Equity | ₹230.17m |
| Total liabilities | ₹482.92m |
| Total assets | ₹713.08m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KHAITANLTD's short term assets (₹154.8M) do not cover its short term liabilities (₹392.4M).
Long Term Liabilities: KHAITANLTD's short term assets (₹154.8M) exceed its long term liabilities (₹90.5M).
Debt to Equity History and Analysis
Debt Level: KHAITANLTD's net debt to equity ratio (38.1%) is considered satisfactory.
Reducing Debt: KHAITANLTD's debt to equity ratio has reduced from 58% to 42.9% over the past 5 years.
Debt Coverage: KHAITANLTD's debt is well covered by operating cash flow (30.4%).
Interest Coverage: KHAITANLTD's interest payments on its debt are not well covered by EBIT (2.6x coverage).