Tips Music Balance Sheet Health
Financial Health criteria checks 6/6
Tips Music has a total shareholder equity of ₹1.8B and total debt of ₹50.1M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹3.4B and ₹1.6B respectively. Tips Music's EBIT is ₹1.8B making its interest coverage ratio -21.8. It has cash and short-term investments of ₹1.5B.
Key information
2.8%
Debt to equity ratio
₹50.06m
Debt
| Interest coverage ratio | -21.8x |
| Cash | ₹1.55b |
| Equity | ₹1.79b |
| Total liabilities | ₹1.59b |
| Total assets | ₹3.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532375's short term assets (₹2.8B) exceed its short term liabilities (₹834.1M).
Long Term Liabilities: 532375's short term assets (₹2.8B) exceed its long term liabilities (₹759.6M).
Debt to Equity History and Analysis
Debt Level: 532375 has more cash than its total debt.
Reducing Debt: 532375's debt to equity ratio has reduced from 12.1% to 2.8% over the past 5 years.
Debt Coverage: 532375's debt is well covered by operating cash flow (4653.3%).
Interest Coverage: 532375 earns more interest than it pays, so coverage of interest payments is not a concern.