Trident Texofab Balance Sheet Health
Financial Health criteria checks 2/6
Trident Texofab has a total shareholder equity of ₹179.6M and total debt of ₹379.1M, which brings its debt-to-equity ratio to 211.1%. Its total assets and total liabilities are ₹861.6M and ₹682.0M respectively. Trident Texofab's EBIT is ₹48.1M making its interest coverage ratio 0.8. It has cash and short-term investments of ₹1.7M.
Key information
211.1%
Debt to equity ratio
₹379.15m
Debt
| Interest coverage ratio | 0.8x |
| Cash | ₹1.66m |
| Equity | ₹179.57m |
| Total liabilities | ₹681.99m |
| Total assets | ₹861.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540726's short term assets (₹583.7M) exceed its short term liabilities (₹440.5M).
Long Term Liabilities: 540726's short term assets (₹583.7M) exceed its long term liabilities (₹241.5M).
Debt to Equity History and Analysis
Debt Level: 540726's net debt to equity ratio (210.2%) is considered high.
Reducing Debt: 540726's debt to equity ratio has increased from 169.6% to 211.1% over the past 5 years.
Debt Coverage: 540726's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540726's interest payments on its debt are not well covered by EBIT (0.8x coverage).