Ashapura Minechem Balance Sheet Health
Financial Health criteria checks 3/6
Ashapura Minechem has a total shareholder equity of ₹10.5B and total debt of ₹11.7B, which brings its debt-to-equity ratio to 111.4%. Its total assets and total liabilities are ₹38.1B and ₹27.6B respectively. Ashapura Minechem's EBIT is ₹2.0B making its interest coverage ratio 2.9. It has cash and short-term investments of ₹1.6B.
Key information
111.4%
Debt to equity ratio
₹11.65b
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹1.59b |
| Equity | ₹10.46b |
| Total liabilities | ₹27.65b |
| Total assets | ₹38.11b |
Recent financial health updates
Ashapura Minechem (NSE:ASHAPURMIN) Takes On Some Risk With Its Use Of Debt
Feb 16
Is Ashapura Minechem (NSE:ASHAPURMIN) Using Too Much Debt?
Dec 25Here's Why Ashapura Minechem (NSE:ASHAPURMIN) Is Weighed Down By Its Debt Load
Dec 13Is Ashapura Minechem (NSE:ASHAPURMIN) A Risky Investment?
Jan 24
Health Check: How Prudently Does Ashapura Minechem (NSE:ASHAPURMIN) Use Debt?
Aug 22Recent updates
Ashapura Minechem (NSE:ASHAPURMIN) Shareholders Will Want The ROCE Trajectory To Continue
Dec 13We Think That There Are More Issues For Ashapura Minechem (NSE:ASHAPURMIN) Than Just Sluggish Earnings
Nov 22Slammed 29% Ashapura Minechem Limited (NSE:ASHAPURMIN) Screens Well Here But There Might Be A Catch
Oct 30Ashapura Minechem Limited's (NSE:ASHAPURMIN) Shares Bounce 26% But Its Business Still Trails The Market
Jun 14Ashapura Minechem (NSE:ASHAPURMIN) Takes On Some Risk With Its Use Of Debt
Feb 16Further Upside For Ashapura Minechem Limited (NSE:ASHAPURMIN) Shares Could Introduce Price Risks After 41% Bounce
Dec 18The Return Trends At Ashapura Minechem (NSE:ASHAPURMIN) Look Promising
Nov 25We Discuss Why Ashapura Minechem Limited's (NSE:ASHAPURMIN) CEO May Deserve A Higher Pay Packet
Sep 23Returns Are Gaining Momentum At Ashapura Minechem (NSE:ASHAPURMIN)
Aug 06Is Ashapura Minechem (NSE:ASHAPURMIN) Using Too Much Debt?
Dec 25Increases to CEO Compensation Might Be Put On Hold For Now at Ashapura Minechem Limited (NSE:ASHAPURMIN)
Sep 23Ashapura Minechem's (NSE:ASHAPURMIN) Dividend Will Be ₹0.50
Sep 10Returns On Capital Signal Tricky Times Ahead For Ashapura Minechem (NSE:ASHAPURMIN)
May 25The Returns On Capital At Ashapura Minechem (NSE:ASHAPURMIN) Don't Inspire Confidence
Feb 11Earnings Working Against Ashapura Minechem Limited's (NSE:ASHAPURMIN) Share Price
Jan 07Here's Why Ashapura Minechem (NSE:ASHAPURMIN) Is Weighed Down By Its Debt Load
Dec 13Ashapura Minechem's (NSE:ASHAPURMIN) Weak Earnings Might Be Worse Than They Appear
Jun 29Here's Why We Think Ashapura Minechem (NSE:ASHAPURMIN) Is Well Worth Watching
Jun 02Did The Underlying Business Drive Ashapura Minechem's (NSE:ASHAPURMIN) Lovely 347% Share Price Gain?
Mar 18Should You Be Adding Ashapura Minechem (NSE:ASHAPURMIN) To Your Watchlist Today?
Feb 19Is Ashapura Minechem (NSE:ASHAPURMIN) A Risky Investment?
Jan 24How Much Of Ashapura Minechem Limited (NSE:ASHAPURMIN) Do Insiders Own?
Dec 20If You Had Bought Ashapura Minechem (NSE:ASHAPURMIN) Shares A Year Ago You'd Have Earned 185% Returns
Nov 15Health Check: How Prudently Does Ashapura Minechem (NSE:ASHAPURMIN) Use Debt?
Aug 22Financial Position Analysis
Short Term Liabilities: ASHAPURMIN's short term assets (₹21.9B) exceed its short term liabilities (₹18.9B).
Long Term Liabilities: ASHAPURMIN's short term assets (₹21.9B) exceed its long term liabilities (₹8.7B).
Debt to Equity History and Analysis
Debt Level: ASHAPURMIN's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: ASHAPURMIN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ASHAPURMIN's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: ASHAPURMIN's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 07:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ashapura Minechem Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
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