Khaitan (India) Balance Sheet Health
Financial Health criteria checks 3/6
Khaitan (India) has a total shareholder equity of ₹184.3M and total debt of ₹104.1M, which brings its debt-to-equity ratio to 56.5%. Its total assets and total liabilities are ₹710.5M and ₹526.2M respectively. Khaitan (India)'s EBIT is ₹2.9M making its interest coverage ratio 0.1. It has cash and short-term investments of ₹5.0M.
Key information
56.5%
Debt to equity ratio
₹104.10m
Debt
Interest coverage ratio | 0.09x |
Cash | ₹4.95m |
Equity | ₹184.31m |
Total liabilities | ₹526.23m |
Total assets | ₹710.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KHAITANLTD's short term assets (₹183.0M) do not cover its short term liabilities (₹446.0M).
Long Term Liabilities: KHAITANLTD's short term assets (₹183.0M) exceed its long term liabilities (₹80.2M).
Debt to Equity History and Analysis
Debt Level: KHAITANLTD's net debt to equity ratio (53.8%) is considered high.
Reducing Debt: KHAITANLTD's debt to equity ratio has reduced from 73.7% to 56.5% over the past 5 years.
Debt Coverage: KHAITANLTD's debt is well covered by operating cash flow (73.1%).
Interest Coverage: KHAITANLTD's interest payments on its debt are not well covered by EBIT (0.1x coverage).