Kritika Wires Balance Sheet Health
Financial Health criteria checks 5/6
Kritika Wires has a total shareholder equity of ₹888.9M and total debt of ₹495.2M, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are ₹1.9B and ₹973.6M respectively. Kritika Wires's EBIT is ₹115.5M making its interest coverage ratio 5.1. It has cash and short-term investments of ₹71.8M.
Key information
55.7%
Debt to equity ratio
₹495.23m
Debt
| Interest coverage ratio | 5.1x |
| Cash | ₹71.80m |
| Equity | ₹888.92m |
| Total liabilities | ₹973.57m |
| Total assets | ₹1.86b |
Recent financial health updates
Is Kritika Wires (NSE:KRITIKA) A Risky Investment?
Jul 05
These 4 Measures Indicate That Kritika Wires (NSE:KRITIKA) Is Using Debt Reasonably Well
Feb 01Here'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 23Recent updates
Positive Sentiment Still Eludes Kritika Wires Limited (NSE:KRITIKA) Following 28% Share Price Slump
Oct 11Is Kritika Wires (NSE:KRITIKA) A Risky Investment?
Jul 05The 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 (₹1.6B) exceed its short term liabilities (₹963.5M).
Long Term Liabilities: KRITIKA's short term assets (₹1.6B) exceed its long term liabilities (₹10.1M).
Debt to Equity History and Analysis
Debt Level: KRITIKA's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: KRITIKA's debt to equity ratio has reduced from 57.4% to 55.7% over the past 5 years.
Debt Coverage: KRITIKA's debt is well covered by operating cash flow (54.8%).
Interest Coverage: KRITIKA's interest payments on its debt are well covered by EBIT (5.1x coverage).