Haryana Leather Chemicals Balance Sheet Health
Financial Health criteria checks 6/6
Haryana Leather Chemicals has a total shareholder equity of ₹427.9M and total debt of ₹1.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹505.0M and ₹77.1M respectively. Haryana Leather Chemicals's EBIT is ₹24.4M making its interest coverage ratio -2.5. It has cash and short-term investments of ₹93.9M.
Key information
0.2%
Debt to equity ratio
₹1.03m
Debt
| Interest coverage ratio | -2.5x |
| Cash | ₹93.87m |
| Equity | ₹427.93m |
| Total liabilities | ₹77.06m |
| Total assets | ₹504.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524080's short term assets (₹241.9M) exceed its short term liabilities (₹62.4M).
Long Term Liabilities: 524080's short term assets (₹241.9M) exceed its long term liabilities (₹14.7M).
Debt to Equity History and Analysis
Debt Level: 524080 has more cash than its total debt.
Reducing Debt: 524080's debt to equity ratio has reduced from 0.8% to 0.2% over the past 5 years.
Debt Coverage: 524080's debt is well covered by operating cash flow (6471.6%).
Interest Coverage: 524080 earns more interest than it pays, so coverage of interest payments is not a concern.