Aeroflex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Aeroflex Industries has a total shareholder equity of ₹3.2B and total debt of ₹7.4M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ₹4.1B and ₹967.8M respectively. Aeroflex Industries's EBIT is ₹590.7M making its interest coverage ratio -22.2. It has cash and short-term investments of ₹599.1M.
Key information
0.2%
Debt to equity ratio
₹7.37m
Debt
| Interest coverage ratio | -22.2x |
| Cash | ₹599.13m |
| Equity | ₹3.16b |
| Total liabilities | ₹967.85m |
| Total assets | ₹4.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AEROFLEX's short term assets (₹2.8B) exceed its short term liabilities (₹955.3M).
Long Term Liabilities: AEROFLEX's short term assets (₹2.8B) exceed its long term liabilities (₹12.6M).
Debt to Equity History and Analysis
Debt Level: AEROFLEX has more cash than its total debt.
Reducing Debt: AEROFLEX's debt to equity ratio has reduced from 135.8% to 0.2% over the past 5 years.
Debt Coverage: AEROFLEX's debt is well covered by operating cash flow (4128.8%).
Interest Coverage: AEROFLEX earns more interest than it pays, so coverage of interest payments is not a concern.