Cravatex Balance Sheet Health
Financial Health criteria checks 6/6
Cravatex has a total shareholder equity of ₹951.8M and total debt of ₹39.6M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ₹1.3B and ₹368.3M respectively. Cravatex's EBIT is ₹37.3M making its interest coverage ratio -111.3. It has cash and short-term investments of ₹679.8M.
Key information
4.2%
Debt to equity ratio
₹39.59m
Debt
Interest coverage ratio | -111.3x |
Cash | ₹679.84m |
Equity | ₹951.80m |
Total liabilities | ₹368.28m |
Total assets | ₹1.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509472's short term assets (₹1.2B) exceed its short term liabilities (₹324.8M).
Long Term Liabilities: 509472's short term assets (₹1.2B) exceed its long term liabilities (₹43.5M).
Debt to Equity History and Analysis
Debt Level: 509472 has more cash than its total debt.
Reducing Debt: 509472's debt to equity ratio has reduced from 504.8% to 4.2% over the past 5 years.
Debt Coverage: 509472's debt is well covered by operating cash flow (3899.3%).
Interest Coverage: 509472 earns more interest than it pays, so coverage of interest payments is not a concern.