Empire Industries Balance Sheet Health
Financial Health criteria checks 5/6
Empire Industries has a total shareholder equity of ₹3.0B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are ₹7.3B and ₹4.3B respectively. Empire Industries's EBIT is ₹476.7M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹792.7M.
Key information
53.2%
Debt to equity ratio
₹1.60b
Debt
Interest coverage ratio | 1.8x |
Cash | ₹792.66m |
Equity | ₹3.00b |
Total liabilities | ₹4.27b |
Total assets | ₹7.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509525's short term assets (₹3.7B) exceed its short term liabilities (₹2.5B).
Long Term Liabilities: 509525's short term assets (₹3.7B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 509525's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 509525's debt to equity ratio has reduced from 95% to 53.2% over the past 5 years.
Debt Coverage: 509525's debt is well covered by operating cash flow (46.8%).
Interest Coverage: 509525's interest payments on its debt are not well covered by EBIT (1.8x coverage).