Ashapura Minechem Balance Sheet Health
Financial Health criteria checks 3/6
Ashapura Minechem has a total shareholder equity of ₹9.2B and total debt of ₹9.8B, which brings its debt-to-equity ratio to 107.2%. Its total assets and total liabilities are ₹33.1B and ₹23.9B respectively. Ashapura Minechem's EBIT is ₹1.6B making its interest coverage ratio 2.7. It has cash and short-term investments of ₹1.4B.
Key information
107.2%
Debt to equity ratio
₹9.84b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹1.45b |
| Equity | ₹9.17b |
| Total liabilities | ₹23.93b |
| Total assets | ₹33.11b |
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
Slammed 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 (₹18.4B) exceed its short term liabilities (₹15.4B).
Long Term Liabilities: ASHAPURMIN's short term assets (₹18.4B) exceed its long term liabilities (₹8.5B).
Debt to Equity History and Analysis
Debt Level: ASHAPURMIN's net debt to equity ratio (91.4%) 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 (15.1%).
Interest Coverage: ASHAPURMIN's interest payments on its debt are not well covered by EBIT (2.7x coverage).