Asahi Songwon Colors Balance Sheet Health
Financial Health criteria checks 2/6
Asahi Songwon Colors has a total shareholder equity of ₹2.7B and total debt of ₹2.0B, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are ₹6.0B and ₹3.3B respectively. Asahi Songwon Colors's EBIT is ₹230.9M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹54.1M.
Key information
72.3%
Debt to equity ratio
₹1.97b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹54.11m |
| Equity | ₹2.73b |
| Total liabilities | ₹3.29b |
| Total assets | ₹6.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532853's short term assets (₹2.8B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 532853's short term assets (₹2.8B) exceed its long term liabilities (₹928.9M).
Debt to Equity History and Analysis
Debt Level: 532853's net debt to equity ratio (70.4%) is considered high.
Reducing Debt: 532853's debt to equity ratio has increased from 20.1% to 72.3% over the past 5 years.
Debt Coverage: 532853's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532853's interest payments on its debt are not well covered by EBIT (1.7x coverage).