Zodiac Ventures Balance Sheet Health
Financial Health criteria checks 1/6
Zodiac Ventures has a total shareholder equity of ₹168.6M and total debt of ₹214.0M, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are ₹428.2M and ₹259.6M respectively. Zodiac Ventures's EBIT is ₹110.8M making its interest coverage ratio 1.1. It has cash and short-term investments of ₹648.0K.
Key information
126.9%
Debt to equity ratio
₹214.02m
Debt
| Interest coverage ratio | 1.1x |
| Cash | ₹648.00k |
| Equity | ₹168.60m |
| Total liabilities | ₹259.59m |
| Total assets | ₹428.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 503641's short term assets (₹180.7M) do not cover its short term liabilities (₹259.6M).
Long Term Liabilities: 503641 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 503641's net debt to equity ratio (126.6%) is considered high.
Reducing Debt: 503641's debt to equity ratio has increased from 87.1% to 126.9% over the past 5 years.
Debt Coverage: 503641's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 503641's interest payments on its debt are not well covered by EBIT (1.1x coverage).