Thangamayil Jewellery Balance Sheet Health
Financial Health criteria checks 5/6
Thangamayil Jewellery has a total shareholder equity of ₹4.5B and total debt of ₹5.3B, which brings its debt-to-equity ratio to 117.7%. Its total assets and total liabilities are ₹13.6B and ₹9.1B respectively. Thangamayil Jewellery's EBIT is ₹2.1B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹749.4M.
Key information
117.7%
Debt to equity ratio
₹5.27b
Debt
Interest coverage ratio | 6.8x |
Cash | ₹749.40m |
Equity | ₹4.47b |
Total liabilities | ₹9.10b |
Total assets | ₹13.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533158's short term assets (₹12.1B) exceed its short term liabilities (₹7.5B).
Long Term Liabilities: 533158's short term assets (₹12.1B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 533158's net debt to equity ratio (100.9%) is considered high.
Reducing Debt: 533158's debt to equity ratio has reduced from 129.8% to 117.7% over the past 5 years.
Debt Coverage: 533158's debt is well covered by operating cash flow (39.8%).
Interest Coverage: 533158's interest payments on its debt are well covered by EBIT (6.8x coverage).