Kritika Wires Balance Sheet Health
Financial Health criteria checks 5/6
Kritika Wires has a total shareholder equity of ₹843.4M and total debt of ₹400.9M, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are ₹1.5B and ₹682.0M respectively. Kritika Wires's EBIT is ₹109.1M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹234.9M.
Key information
47.5%
Debt to equity ratio
₹400.93m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹234.89m |
| Equity | ₹843.37m |
| Total liabilities | ₹681.97m |
| Total assets | ₹1.53b |
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
Is 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 (₹1.2B) exceed its short term liabilities (₹673.2M).
Long Term Liabilities: KRITIKA's short term assets (₹1.2B) exceed its long term liabilities (₹8.8M).
Debt to Equity History and Analysis
Debt Level: KRITIKA's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: KRITIKA's debt to equity ratio has reduced from 67.7% to 47.5% over the past 5 years.
Debt Coverage: KRITIKA's debt is well covered by operating cash flow (34.6%).
Interest Coverage: KRITIKA's interest payments on its debt are not well covered by EBIT (2.9x coverage).