Empire Industries Balance Sheet Health
Financial Health criteria checks 5/6
Empire Industries has a total shareholder equity of ₹2.9B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 68.2%. Its total assets and total liabilities are ₹7.5B and ₹4.6B respectively. Empire Industries's EBIT is ₹514.5M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹1.0B.
Key information
68.2%
Debt to equity ratio
₹1.95b
Debt
Interest coverage ratio | 2.9x |
Cash | ₹1.04b |
Equity | ₹2.85b |
Total liabilities | ₹4.62b |
Total assets | ₹7.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509525's short term assets (₹4.1B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 509525's short term assets (₹4.1B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 509525's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 509525's debt to equity ratio has reduced from 87.2% to 68.2% over the past 5 years.
Debt Coverage: 509525's debt is well covered by operating cash flow (50.8%).
Interest Coverage: 509525's interest payments on its debt are not well covered by EBIT (2.9x coverage).