AksharChem (India) Balance Sheet Health
Financial Health criteria checks 3/6
AksharChem (India) has a total shareholder equity of ₹2.6B and total debt of ₹682.4M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ₹4.0B and ₹1.4B respectively. AksharChem (India)'s EBIT is ₹39.2M making its interest coverage ratio 1. It has cash and short-term investments of ₹32.4M.
Key information
26.1%
Debt to equity ratio
₹682.42m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹32.41m |
| Equity | ₹2.61b |
| Total liabilities | ₹1.37b |
| Total assets | ₹3.98b |
Recent financial health updates
AksharChem (India) (NSE:AKSHARCHEM) Is Carrying A Fair Bit Of Debt
Aug 04
Here's Why AksharChem (India) (NSE:AKSHARCHEM) Can Afford Some Debt
Dec 28Is AksharChem (India) (NSE:AKSHARCHEM) Using Too Much Debt?
Aug 16AksharChem (India) (NSE:AKSHARCHEM) Takes On Some Risk With Its Use Of Debt
Sep 02AksharChem (India) (NSE:AKSHARCHEM) Has A Pretty Healthy Balance Sheet
May 25Here's Why AksharChem (India) (NSE:AKSHARCHEM) Can Manage Its Debt Responsibly
Jan 24Recent updates
AksharChem (India) (NSE:AKSHARCHEM) Is Paying Out A Dividend Of ₹0.50
Sep 12AksharChem (India) (NSE:AKSHARCHEM) Is Carrying A Fair Bit Of Debt
Aug 04Revenues Working Against AksharChem (India) Limited's (NSE:AKSHARCHEM) Share Price Following 29% Dive
Mar 29Here's Why AksharChem (India) (NSE:AKSHARCHEM) Can Afford Some Debt
Dec 28AksharChem (India) (NSE:AKSHARCHEM) Has Announced A Dividend Of ₹0.50
Sep 08Is AksharChem (India) (NSE:AKSHARCHEM) Using Too Much Debt?
Aug 16AksharChem (India) (NSE:AKSHARCHEM) Takes On Some Risk With Its Use Of Debt
Sep 02AksharChem (India) (NSE:AKSHARCHEM) Has A Pretty Healthy Balance Sheet
May 25AksharChem (India)'s (NSE:AKSHARCHEM) Returns On Capital Not Reflecting Well On The Business
Feb 24Here's Why AksharChem (India) (NSE:AKSHARCHEM) Can Manage Its Debt Responsibly
Jan 24AksharChem (India)'s (NSE:AKSHARCHEM) Returns On Capital Not Reflecting Well On The Business
Nov 03AksharChem (India) (NSE:AKSHARCHEM) Could Be Struggling To Allocate Capital
Jul 09We Think AksharChem (India) (NSE:AKSHARCHEM) Is Taking Some Risk With Its Debt
Jun 12Will AksharChem (India) (NSE:AKSHARCHEM) Multiply In Value Going Forward?
Feb 13AksharChem (India) Limited's (NSE:AKSHARCHEM) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Jan 09Three Things You Should Check Before Buying AksharChem (India) Limited (NSE:AKSHARCHEM) For Its Dividend
Nov 26The Trends At AksharChem (India) (NSE:AKSHARCHEM) That You Should Know About
Oct 22Earnings Not Telling The Story For AksharChem (India) Limited (NSE:AKSHARCHEM)
Sep 17
These 4 Measures Indicate That AksharChem (India) (NSE:AKSHARCHEM) Is Using Debt Extensively
Aug 22Here's What To Make Of AksharChem (India)'s (NSE:AKSHARCHEM) Returns On Capital
Jun 30Financial Position Analysis
Short Term Liabilities: AKSHARCHEM's short term assets (₹1.3B) exceed its short term liabilities (₹971.8M).
Long Term Liabilities: AKSHARCHEM's short term assets (₹1.3B) exceed its long term liabilities (₹395.9M).
Debt to Equity History and Analysis
Debt Level: AKSHARCHEM's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: AKSHARCHEM's debt to equity ratio has increased from 0% to 26.1% over the past 5 years.
Debt Coverage: AKSHARCHEM's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: AKSHARCHEM's interest payments on its debt are not well covered by EBIT (1x coverage).