Alstone Textiles (India) Balance Sheet Health
Financial Health criteria checks 2/6
Alstone Textiles (India) has a total shareholder equity of ₹1.6B and total debt of ₹5.0B, which brings its debt-to-equity ratio to 321.8%. Its total assets and total liabilities are ₹6.6B and ₹5.0B respectively. Alstone Textiles (India)'s EBIT is ₹28.0M making its interest coverage ratio -8.3. It has cash and short-term investments of ₹210.9K.
Key information
321.8%
Debt to equity ratio
₹5.00b
Debt
| Interest coverage ratio | -8.3x |
| Cash | ₹210.90k |
| Equity | ₹1.55b |
| Total liabilities | ₹5.04b |
| Total assets | ₹6.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539277's short term assets (₹2.8B) exceed its short term liabilities (₹38.6M).
Long Term Liabilities: 539277's short term assets (₹2.8B) do not cover its long term liabilities (₹5.0B).
Debt to Equity History and Analysis
Debt Level: 539277's net debt to equity ratio (321.8%) is considered high.
Reducing Debt: 539277's debt to equity ratio has increased from 0.02% to 321.8% over the past 5 years.
Debt Coverage: 539277's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: 539277 earns more interest than it pays, so coverage of interest payments is not a concern.