Innomet Advanced Materials Balance Sheet Health
Financial Health criteria checks 4/6
Innomet Advanced Materials has a total shareholder equity of ₹453.3M and total debt of ₹130.4M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are ₹621.9M and ₹168.6M respectively. Innomet Advanced Materials's EBIT is ₹56.6M making its interest coverage ratio 5.5. It has cash and short-term investments of ₹36.5M.
Key information
28.8%
Debt to equity ratio
₹130.45m
Debt
| Interest coverage ratio | 5.5x |
| Cash | ₹36.49m |
| Equity | ₹453.31m |
| Total liabilities | ₹168.63m |
| Total assets | ₹621.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INNOMET's short term assets (₹340.1M) exceed its short term liabilities (₹51.1M).
Long Term Liabilities: INNOMET's short term assets (₹340.1M) exceed its long term liabilities (₹117.5M).
Debt to Equity History and Analysis
Debt Level: INNOMET's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if INNOMET's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: INNOMET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: INNOMET's interest payments on its debt are well covered by EBIT (5.5x coverage).