Tasty Bite Eatables Balance Sheet Health
Financial Health criteria checks 6/6
Tasty Bite Eatables has a total shareholder equity of ₹2.9B and total debt of ₹363.7M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹4.6B and ₹1.7B respectively. Tasty Bite Eatables's EBIT is ₹308.8M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹88.0M.
Key information
12.6%
Debt to equity ratio
₹363.66m
Debt
| Interest coverage ratio | 5.4x |
| Cash | ₹88.03m |
| Equity | ₹2.89b |
| Total liabilities | ₹1.69b |
| Total assets | ₹4.58b |
Recent financial health updates
Tasty Bite Eatables (NSE:TASTYBITE) Seems To Use Debt Quite Sensibly
Jun 22
Is Tasty Bite Eatables (NSE:TASTYBITE) Using Too Much Debt?
Jul 18Does Tasty Bite Eatables (NSE:TASTYBITE) Have A Healthy Balance Sheet?
Jul 05Does Tasty Bite Eatables (NSE:TASTYBITE) Have A Healthy Balance Sheet?
Dec 22
Here's Why Tasty Bite Eatables (NSE:TASTYBITE) Has A Meaningful Debt Burden
Sep 11Recent updates
Optimistic Investors Push Tasty Bite Eatables Limited (NSE:TASTYBITE) Shares Up 28% But Growth Is Lacking
Aug 21Tasty Bite Eatables (NSE:TASTYBITE) Seems To Use Debt Quite Sensibly
Jun 22Tasty Bite Eatables' (NSE:TASTYBITE) Returns On Capital Not Reflecting Well On The Business
May 17Is Tasty Bite Eatables (NSE:TASTYBITE) Using Too Much Debt?
Jul 18Tasty Bite Eatables (NSE:TASTYBITE) Is Reinvesting At Lower Rates Of Return
Jun 21Be Wary Of Tasty Bite Eatables (NSE:TASTYBITE) And Its Returns On Capital
Feb 25Does Tasty Bite Eatables (NSE:TASTYBITE) Have A Healthy Balance Sheet?
Jul 05Returns On Capital Signal Tricky Times Ahead For Tasty Bite Eatables (NSE:TASTYBITE)
Jun 09Here's What To Make Of Tasty Bite Eatables' (NSE:TASTYBITE) Returns On Capital
Mar 02Is Tasty Bite Eatables Limited's (NSE:TASTYBITE) Latest Stock Performance A Reflection Of Its Financial Health?
Feb 01Are Tasty Bite Eatables's (NSE:TASTYBITE) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 12Does Tasty Bite Eatables (NSE:TASTYBITE) Have A Healthy Balance Sheet?
Dec 22Introducing Tasty Bite Eatables (NSE:TASTYBITE), A Stock That Climbed 82% In The Last Three Years
Nov 30Here's What To Make Of Tasty Bite Eatables' (NSE:TASTYBITE) Returns On Capital
Nov 10Is Now The Time To Put Tasty Bite Eatables (NSE:TASTYBITE) On Your Watchlist?
Oct 21Earnings Tell The Story For Tasty Bite Eatables Limited (NSE:TASTYBITE)
Sep 29Here's Why Tasty Bite Eatables (NSE:TASTYBITE) Has A Meaningful Debt Burden
Sep 11Is Tasty Bite Eatables' (NSE:TASTYBITE) Share Price Gain Of 129% Well Earned?
Aug 21Is Tasty Bite Eatables Limited's (NSE:TASTYBITE) Latest Stock Performance A Reflection Of Its Financial Health?
Jul 29Is Tasty Bite Eatables (NSE:TASTYBITE) Likely To Turn Things Around?
Jul 13Financial Position Analysis
Short Term Liabilities: TASTYBITE's short term assets (₹2.0B) exceed its short term liabilities (₹964.8M).
Long Term Liabilities: TASTYBITE's short term assets (₹2.0B) exceed its long term liabilities (₹723.6M).
Debt to Equity History and Analysis
Debt Level: TASTYBITE's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: TASTYBITE's debt to equity ratio has reduced from 23.8% to 12.6% over the past 5 years.
Debt Coverage: TASTYBITE's debt is well covered by operating cash flow (111.7%).
Interest Coverage: TASTYBITE's interest payments on its debt are well covered by EBIT (5.4x coverage).