Kritika Wires Balance Sheet Health
Financial Health criteria checks 4/6
Kritika Wires has a total shareholder equity of ₹775.0M and total debt of ₹457.6M, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are ₹1.6B and ₹789.7M respectively. Kritika Wires's EBIT is ₹98.4M making its interest coverage ratio 6.2. It has cash and short-term investments of ₹48.5M.
Key information
59.1%
Debt to equity ratio
₹457.63m
Debt
| Interest coverage ratio | 6.2x |
| Cash | ₹48.55m |
| Equity | ₹774.96m |
| Total liabilities | ₹789.73m |
| Total assets | ₹1.56b |
Recent financial health updates
These 4 Measures Indicate That Kritika Wires (NSE:KRITIKA) Is Using Debt Reasonably Well
Feb 01
Here's Why Kritika Wires (NSE:KRITIKA) Can Manage Its Debt Responsibly
Sep 28Kritika Wires (NSE:KRITIKA) Has A Pretty Healthy Balance Sheet
Dec 25Kritika Wires (NSE:KRITIKA) Seems To Use Debt Quite Sensibly
Jul 22Is Kritika Wires (NSE:KRITIKA) A Risky Investment?
Mar 23We Think Kritika Wires (NSE:KRITIKA) Can Stay On Top Of Its Debt
Dec 08Recent updates
The Price Is Right For Kritika Wires Limited (NSE:KRITIKA) Even After Diving 26%
Apr 06After Leaping 27% Kritika Wires Limited (NSE:KRITIKA) Shares Are Not Flying Under The Radar
Feb 15These 4 Measures Indicate That Kritika Wires (NSE:KRITIKA) Is Using Debt Reasonably Well
Feb 01Earnings Working Against Kritika Wires Limited's (NSE:KRITIKA) Share Price Following 63% Dive
Dec 20Here's Why Kritika Wires (NSE:KRITIKA) Can Manage Its Debt Responsibly
Sep 28Does Kritika Wires (NSE:KRITIKA) Deserve A Spot On Your Watchlist?
Mar 15Kritika Wires (NSE:KRITIKA) Has A Pretty Healthy Balance Sheet
Dec 25Estimating The Fair Value Of Kritika Wires Limited (NSE:KRITIKA)
Aug 18Kritika Wires (NSE:KRITIKA) Seems To Use Debt Quite Sensibly
Jul 22Is Kritika Wires (NSE:KRITIKA) A Risky Investment?
Mar 23We Think Kritika Wires (NSE:KRITIKA) Can Stay On Top Of Its Debt
Dec 08Financial Position Analysis
Short Term Liabilities: KRITIKA's short term assets (₹1.4B) exceed its short term liabilities (₹782.8M).
Long Term Liabilities: KRITIKA's short term assets (₹1.4B) exceed its long term liabilities (₹6.9M).
Debt to Equity History and Analysis
Debt Level: KRITIKA's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: KRITIKA's debt to equity ratio has reduced from 75.2% to 59.1% over the past 5 years.
Debt Coverage: KRITIKA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KRITIKA's interest payments on its debt are well covered by EBIT (6.2x coverage).