Century Textiles and Industries Balance Sheet Health
Financial Health criteria checks 4/6
Century Textiles and Industries has a total shareholder equity of ₹39.1B and total debt of ₹22.6B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are ₹102.7B and ₹63.6B respectively. Century Textiles and Industries's EBIT is ₹1.5B making its interest coverage ratio 5.8. It has cash and short-term investments of ₹6.7B.
Key information
57.8%
Debt to equity ratio
₹22.59b
Debt
Interest coverage ratio | 5.8x |
Cash | ₹6.70b |
Equity | ₹39.07b |
Total liabilities | ₹63.64b |
Total assets | ₹102.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500040's short term assets (₹57.7B) exceed its short term liabilities (₹40.1B).
Long Term Liabilities: 500040's short term assets (₹57.7B) exceed its long term liabilities (₹23.5B).
Debt to Equity History and Analysis
Debt Level: 500040's net debt to equity ratio (40.7%) is considered high.
Reducing Debt: 500040's debt to equity ratio has reduced from 67.7% to 57.8% over the past 5 years.
Debt Coverage: 500040's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 500040's interest payments on its debt are well covered by EBIT (5.8x coverage).