Yarn Syndicate Balance Sheet Health
Financial Health criteria checks 1/6
Yarn Syndicate has a total shareholder equity of ₹-4.4M and total debt of ₹5.8M, which brings its debt-to-equity ratio to -131.5%. Its total assets and total liabilities are ₹7.8M and ₹12.3M respectively. Yarn Syndicate's EBIT is ₹684.0K making its interest coverage ratio 342. It has cash and short-term investments of ₹1.4M.
Key information
-131.5%
Debt to equity ratio
₹5.84m
Debt
Interest coverage ratio | 342x |
Cash | ₹1.43m |
Equity | -₹4.44m |
Total liabilities | ₹12.27m |
Total assets | ₹7.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514378 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 514378 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 514378 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 514378's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 514378's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 514378's interest payments on its debt are well covered by EBIT (342x coverage).