AVSL Industries Balance Sheet Health
Financial Health criteria checks 2/6
AVSL Industries has a total shareholder equity of ₹335.3M and total debt of ₹307.0M, which brings its debt-to-equity ratio to 91.6%. Its total assets and total liabilities are ₹794.6M and ₹459.4M respectively. AVSL Industries's EBIT is ₹26.6M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹4.9M.
Key information
91.6%
Debt to equity ratio
₹307.01m
Debt
Interest coverage ratio | 1.7x |
Cash | ₹4.92m |
Equity | ₹335.26m |
Total liabilities | ₹459.39m |
Total assets | ₹794.64m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AVSL's short term assets (₹487.1M) exceed its short term liabilities (₹457.8M).
Long Term Liabilities: AVSL's short term assets (₹487.1M) exceed its long term liabilities (₹1.6M).
Debt to Equity History and Analysis
Debt Level: AVSL's net debt to equity ratio (90.1%) is considered high.
Reducing Debt: AVSL's debt to equity ratio has increased from 66.9% to 91.6% over the past 5 years.
Debt Coverage: AVSL's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: AVSL's interest payments on its debt are not well covered by EBIT (1.7x coverage).