Tips Music Balance Sheet Health
Financial Health criteria checks 6/6
Tips Music has a total shareholder equity of ₹2.0B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹3.2B and ₹1.3B respectively. Tips Music's EBIT is ₹1.9B making its interest coverage ratio -23. It has cash and short-term investments of ₹1.1B.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | -23x |
| Cash | ₹1.15b |
| Equity | ₹1.99b |
| Total liabilities | ₹1.26b |
| Total assets | ₹3.25b |
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 (₹986.7M).
Long Term Liabilities: 532375's short term assets (₹2.8B) exceed its long term liabilities (₹269.8M).
Debt to Equity History and Analysis
Debt Level: 532375 is debt free.
Reducing Debt: 532375 has no debt compared to 5 years ago when its debt to equity ratio was 2.1%.
Debt Coverage: 532375 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 532375 has no debt, therefore coverage of interest payments is not a concern.