Adarsh Mercantile Balance Sheet Health
Financial Health criteria checks 5/6
Adarsh Mercantile has a total shareholder equity of ₹111.1M and total debt of ₹36.5M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are ₹153.4M and ₹42.3M respectively. Adarsh Mercantile's EBIT is ₹26.2M making its interest coverage ratio 10.9. It has cash and short-term investments of ₹4.6M.
Key information
32.9%
Debt to equity ratio
₹36.53m
Debt
Interest coverage ratio | 10.9x |
Cash | ₹4.57m |
Equity | ₹111.10m |
Total liabilities | ₹42.26m |
Total assets | ₹153.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538563's short term assets (₹74.1M) exceed its short term liabilities (₹40.4M).
Long Term Liabilities: 538563's short term assets (₹74.1M) exceed its long term liabilities (₹1.9M).
Debt to Equity History and Analysis
Debt Level: 538563's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: 538563's debt to equity ratio has reduced from 34.6% to 32.9% over the past 5 years.
Debt Coverage: 538563's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 538563's interest payments on its debt are well covered by EBIT (10.9x coverage).