Last Mile Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Last Mile Enterprises has a total shareholder equity of ₹1.1B and total debt of ₹495.8M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are ₹2.1B and ₹1.0B respectively. Last Mile Enterprises's EBIT is ₹53.5M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹399.8M.
Key information
46.6%
Debt to equity ratio
₹495.83m
Debt
Interest coverage ratio | 2.8x |
Cash | ₹399.83m |
Equity | ₹1.06b |
Total liabilities | ₹1.04b |
Total assets | ₹2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526961's short term assets (₹1.6B) exceed its short term liabilities (₹714.2M).
Long Term Liabilities: 526961's short term assets (₹1.6B) exceed its long term liabilities (₹323.5M).
Debt to Equity History and Analysis
Debt Level: 526961's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 526961 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 526961's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526961's interest payments on its debt are not well covered by EBIT (2.8x coverage).