Clinitech Laboratory Balance Sheet Health
Financial Health criteria checks 4/6
Clinitech Laboratory has a total shareholder equity of ₹35.5M and total debt of ₹8.6M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are ₹56.1M and ₹20.6M respectively. Clinitech Laboratory's EBIT is ₹5.5M making its interest coverage ratio 7.6. It has cash and short-term investments of ₹7.0M.
Key information
24.3%
Debt to equity ratio
₹8.63m
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₹7.01m |
| Equity | ₹35.48m |
| Total liabilities | ₹20.60m |
| Total assets | ₹56.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544220's short term assets (₹27.1M) exceed its short term liabilities (₹16.3M).
Long Term Liabilities: 544220's short term assets (₹27.1M) exceed its long term liabilities (₹4.3M).
Debt to Equity History and Analysis
Debt Level: 544220's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 544220's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544220's debt is not well covered by operating cash flow (13%).
Interest Coverage: 544220's interest payments on its debt are well covered by EBIT (7.6x coverage).