Lactose (India) Balance Sheet Health
Financial Health criteria checks 4/6
Lactose (India) has a total shareholder equity of ₹423.2M and total debt of ₹390.0M, which brings its debt-to-equity ratio to 92.2%. Its total assets and total liabilities are ₹1.1B and ₹636.6M respectively. Lactose (India)'s EBIT is ₹124.1M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹1.1M.
Key information
92.2%
Debt to equity ratio
₹390.02m
Debt
Interest coverage ratio | 2.2x |
Cash | ₹1.05m |
Equity | ₹423.24m |
Total liabilities | ₹636.60m |
Total assets | ₹1.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524202's short term assets (₹443.1M) exceed its short term liabilities (₹338.8M).
Long Term Liabilities: 524202's short term assets (₹443.1M) exceed its long term liabilities (₹297.8M).
Debt to Equity History and Analysis
Debt Level: 524202's net debt to equity ratio (91.9%) is considered high.
Reducing Debt: 524202's debt to equity ratio has reduced from 97.8% to 92.2% over the past 5 years.
Debt Coverage: 524202's debt is well covered by operating cash flow (21.7%).
Interest Coverage: 524202's interest payments on its debt are not well covered by EBIT (2.2x coverage).