Aeroflex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Aeroflex Industries has a total shareholder equity of ₹2.9B and total debt of ₹1.2M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are ₹3.7B and ₹818.2M respectively. Aeroflex Industries's EBIT is ₹593.9M making its interest coverage ratio 27.8. It has cash and short-term investments of ₹1.1B.
Key information
0.04%
Debt to equity ratio
₹1.21m
Debt
Interest coverage ratio | 27.8x |
Cash | ₹1.06b |
Equity | ₹2.93b |
Total liabilities | ₹818.20m |
Total assets | ₹3.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEROFLEX's short term assets (₹2.8B) exceed its short term liabilities (₹810.4M).
Long Term Liabilities: AEROFLEX's short term assets (₹2.8B) exceed its long term liabilities (₹7.8M).
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 152.9% to 0.04% over the past 5 years.
Debt Coverage: AEROFLEX's debt is well covered by operating cash flow (36398.6%).
Interest Coverage: AEROFLEX's interest payments on its debt are well covered by EBIT (27.8x coverage).