Lakshmi Automatic Loom Works Balance Sheet Health
Financial Health criteria checks 6/6
Lakshmi Automatic Loom Works has a total shareholder equity of ₹206.6M and total debt of ₹54.8M, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are ₹324.6M and ₹118.0M respectively. Lakshmi Automatic Loom Works's EBIT is ₹28.7M making its interest coverage ratio 8.1. It has cash and short-term investments of ₹70.1M.
Key information
26.5%
Debt to equity ratio
₹54.81m
Debt
Interest coverage ratio | 8.1x |
Cash | ₹70.11m |
Equity | ₹206.62m |
Total liabilities | ₹117.96m |
Total assets | ₹324.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505302's short term assets (₹102.4M) exceed its short term liabilities (₹74.4M).
Long Term Liabilities: 505302's short term assets (₹102.4M) exceed its long term liabilities (₹43.6M).
Debt to Equity History and Analysis
Debt Level: 505302 has more cash than its total debt.
Reducing Debt: 505302's debt to equity ratio has reduced from 100% to 26.5% over the past 5 years.
Debt Coverage: 505302's debt is well covered by operating cash flow (141.2%).
Interest Coverage: 505302's interest payments on its debt are well covered by EBIT (8.1x coverage).