Eighty Jewellers Balance Sheet Health
Financial Health criteria checks 6/6
Eighty Jewellers has a total shareholder equity of ₹253.1M and total debt of ₹73.2M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are ₹365.4M and ₹112.2M respectively. Eighty Jewellers's EBIT is ₹27.2M making its interest coverage ratio 3.5. It has cash and short-term investments of ₹1.9M.
Key information
28.9%
Debt to equity ratio
₹73.24m
Debt
| Interest coverage ratio | 3.5x |
| Cash | ₹1.87m |
| Equity | ₹253.11m |
| Total liabilities | ₹112.24m |
| Total assets | ₹365.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543518's short term assets (₹341.4M) exceed its short term liabilities (₹95.7M).
Long Term Liabilities: 543518's short term assets (₹341.4M) exceed its long term liabilities (₹16.6M).
Debt to Equity History and Analysis
Debt Level: 543518's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 543518's debt to equity ratio has reduced from 306.9% to 28.9% over the past 5 years.
Debt Coverage: 543518's debt is well covered by operating cash flow (21.9%).
Interest Coverage: 543518's interest payments on its debt are well covered by EBIT (3.5x coverage).