Empire Industries Balance Sheet Health
Financial Health criteria checks 5/6
Empire Industries has a total shareholder equity of ₹3.1B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are ₹8.0B and ₹4.9B respectively. Empire Industries's EBIT is ₹489.9M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹1.2B.
Key information
65.6%
Debt to equity ratio
₹2.01b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹1.19b |
| Equity | ₹3.06b |
| Total liabilities | ₹4.90b |
| Total assets | ₹7.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509525's short term assets (₹4.2B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: 509525's short term assets (₹4.2B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: 509525's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: 509525's debt to equity ratio has reduced from 114.1% to 65.6% over the past 5 years.
Debt Coverage: 509525's debt is well covered by operating cash flow (32.5%).
Interest Coverage: 509525's interest payments on its debt are not well covered by EBIT (2.7x coverage).