Fineotex Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Fineotex Chemical has a total shareholder equity of ₹4.0B and total debt of ₹17.8M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹5.3B and ₹1.2B respectively. Fineotex Chemical's EBIT is ₹1.4B making its interest coverage ratio -208.6. It has cash and short-term investments of ₹513.8M.
Key information
0.4%
Debt to equity ratio
₹17.77m
Debt
Interest coverage ratio | -208.6x |
Cash | ₹513.78m |
Equity | ₹4.05b |
Total liabilities | ₹1.24b |
Total assets | ₹5.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533333's short term assets (₹2.7B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 533333's short term assets (₹2.7B) exceed its long term liabilities (₹36.0M).
Debt to Equity History and Analysis
Debt Level: 533333 has more cash than its total debt.
Reducing Debt: 533333's debt to equity ratio has reduced from 5.3% to 0.4% over the past 5 years.
Debt Coverage: 533333's debt is well covered by operating cash flow (6548.3%).
Interest Coverage: 533333 earns more interest than it pays, so coverage of interest payments is not a concern.