Astron Paper & Board Mill Balance Sheet Health
Financial Health criteria checks 2/6
Astron Paper & Board Mill has a total shareholder equity of ₹1.6B and total debt of ₹835.5M, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are ₹3.0B and ₹1.5B respectively. Astron Paper & Board Mill's EBIT is ₹33.3M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹98.1M.
Key information
53.7%
Debt to equity ratio
₹835.52m
Debt
Interest coverage ratio | 0.4x |
Cash | ₹98.06m |
Equity | ₹1.56b |
Total liabilities | ₹1.49b |
Total assets | ₹3.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540824's short term assets (₹1.5B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: 540824's short term assets (₹1.5B) exceed its long term liabilities (₹34.9M).
Debt to Equity History and Analysis
Debt Level: 540824's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: 540824's debt to equity ratio has increased from 52.6% to 53.7% over the past 5 years.
Debt Coverage: 540824's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 540824's interest payments on its debt are not well covered by EBIT (0.4x coverage).