Laxmi Organic Industries Balance Sheet Health
Financial Health criteria checks 6/6
Laxmi Organic Industries has a total shareholder equity of ₹18.6B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ₹28.3B and ₹9.7B respectively. Laxmi Organic Industries's EBIT is ₹1.9B making its interest coverage ratio -47.7. It has cash and short-term investments of ₹3.2B.
Key information
10.5%
Debt to equity ratio
₹1.95b
Debt
| Interest coverage ratio | -47.7x |
| Cash | ₹3.18b |
| Equity | ₹18.57b |
| Total liabilities | ₹9.71b |
| Total assets | ₹28.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543277's short term assets (₹13.8B) exceed its short term liabilities (₹8.6B).
Long Term Liabilities: 543277's short term assets (₹13.8B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 543277 has more cash than its total debt.
Reducing Debt: 543277's debt to equity ratio has reduced from 38.1% to 10.5% over the past 5 years.
Debt Coverage: 543277's debt is well covered by operating cash flow (124.1%).
Interest Coverage: 543277 earns more interest than it pays, so coverage of interest payments is not a concern.