Laxmi Organic Industries Balance Sheet Health
Financial Health criteria checks 6/6
Laxmi Organic Industries has a total shareholder equity of ₹14.6B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are ₹21.8B and ₹7.2B respectively. Laxmi Organic Industries's EBIT is ₹1.4B making its interest coverage ratio -57. It has cash and short-term investments of ₹982.1M.
Key information
11.5%
Debt to equity ratio
₹1.68b
Debt
| Interest coverage ratio | -57x |
| Cash | ₹982.14m |
| Equity | ₹14.59b |
| Total liabilities | ₹7.17b |
| Total assets | ₹21.76b |
Recent financial health updates
No updates
Recent updates
Earnings Tell The Story For Laxmi Organic Industries Limited (NSE:LXCHEM)
Mar 26
Does This Valuation Of Laxmi Organic Industries Limited (NSE:LXCHEM) Imply Investors Are Overpaying?
Mar 01Analysts Are Updating Their Laxmi Organic Industries Limited (NSE:LXCHEM) Estimates After Its Third-Quarter Results
Jan 27Capital Allocation Trends At Laxmi Organic Industries (NSE:LXCHEM) Aren't Ideal
Aug 29Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
Jul 14Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
May 21Here's What's Concerning About Laxmi Organic Industries' (NSE:LXCHEM) Returns On Capital
May 17Laxmi Organic Industries (NSE:LXCHEM) Will Pay A Larger Dividend Than Last Year At ₹0.70
Jul 10Many Would Be Envious Of Laxmi Organic Industries' (NSE:LXCHEM) Excellent Returns On Capital
Jun 19Laxmi Organic Industries' (NSE:LXCHEM) Solid Profits Have Weak Fundamentals
May 12If You Like EPS Growth Then Check Out Laxmi Organic Industries (NSE:LXCHEM) Before It's Too Late
Apr 05Upgrade: Analysts Just Made A Notable Increase To Their Laxmi Organic Industries Limited (NSE:LXCHEM) Forecasts
Feb 06Laxmi Organic Industries Limited Just Recorded A 13% Revenue Beat: Here's What Analysts Think
Feb 05Risks To Shareholder Returns Are Elevated At These Prices For Laxmi Organic Industries Limited (NSE:LXCHEM)
Feb 04Financial Position Analysis
Short Term Liabilities: LXCHEM's short term assets (₹9.3B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: LXCHEM's short term assets (₹9.3B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: LXCHEM's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: LXCHEM's debt to equity ratio has reduced from 42.8% to 11.5% over the past 5 years.
Debt Coverage: LXCHEM's debt is well covered by operating cash flow (266.8%).
Interest Coverage: LXCHEM earns more interest than it pays, so coverage of interest payments is not a concern.