AksharChem (India) Balance Sheet Health
Financial Health criteria checks 3/6
AksharChem (India) has a total shareholder equity of ₹2.6B and total debt of ₹682.4M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ₹4.0B and ₹1.4B respectively. AksharChem (India)'s EBIT is ₹39.2M making its interest coverage ratio 1. It has cash and short-term investments of ₹32.4M.
Key information
26.1%
Debt to equity ratio
₹682.42m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹32.41m |
| Equity | ₹2.61b |
| Total liabilities | ₹1.37b |
| Total assets | ₹3.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524598's short term assets (₹1.3B) exceed its short term liabilities (₹971.8M).
Long Term Liabilities: 524598's short term assets (₹1.3B) exceed its long term liabilities (₹395.9M).
Debt to Equity History and Analysis
Debt Level: 524598's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: 524598's debt to equity ratio has increased from 0% to 26.1% over the past 5 years.
Debt Coverage: 524598's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 524598's interest payments on its debt are not well covered by EBIT (1x coverage).