Hind Aluminium Industries Balance Sheet Health
Financial Health criteria checks 5/6
Hind Aluminium Industries has a total shareholder equity of ₹803.1M and total debt of ₹6.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ₹813.1M and ₹10.0M respectively. Hind Aluminium Industries's EBIT is ₹53.1M making its interest coverage ratio -9.1. It has cash and short-term investments of ₹21.5M.
Key information
0.7%
Debt to equity ratio
₹6.00m
Debt
| Interest coverage ratio | -9.1x |
| Cash | ₹21.50m |
| Equity | ₹803.10m |
| Total liabilities | ₹10.00m |
| Total assets | ₹813.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531979's short term assets (₹154.0M) exceed its short term liabilities (₹9.5M).
Long Term Liabilities: 531979's short term assets (₹154.0M) exceed its long term liabilities (₹500.0K).
Debt to Equity History and Analysis
Debt Level: 531979 has more cash than its total debt.
Reducing Debt: 531979's debt to equity ratio has reduced from 135.4% to 0.7% over the past 5 years.
Debt Coverage: 531979's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531979 earns more interest than it pays, so coverage of interest payments is not a concern.