Ashapura Minechem Balance Sheet Health
Financial Health criteria checks 4/6
Ashapura Minechem has a total shareholder equity of ₹8.0B and total debt of ₹7.9B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are ₹30.7B and ₹22.6B respectively. Ashapura Minechem's EBIT is ₹2.1B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹1.4B.
Key information
97.8%
Debt to equity ratio
₹7.86b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹1.35b |
Equity | ₹8.04b |
Total liabilities | ₹22.63b |
Total assets | ₹30.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 527001's short term assets (₹18.0B) exceed its short term liabilities (₹12.5B).
Long Term Liabilities: 527001's short term assets (₹18.0B) exceed its long term liabilities (₹10.1B).
Debt to Equity History and Analysis
Debt Level: 527001's net debt to equity ratio (81%) is considered high.
Reducing Debt: 527001 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 527001's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: 527001's interest payments on its debt are well covered by EBIT (3.2x coverage).