Eighty Jewellers Balance Sheet Health
Financial Health criteria checks 4/6
Eighty Jewellers has a total shareholder equity of ₹265.7M and total debt of ₹248.6M, which brings its debt-to-equity ratio to 93.5%. Its total assets and total liabilities are ₹573.6M and ₹307.9M respectively. Eighty Jewellers's EBIT is ₹38.5M making its interest coverage ratio 4.3. It has cash and short-term investments of ₹19.4M.
Key information
93.5%
Debt to equity ratio
₹248.59m
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹19.44m |
| Equity | ₹265.74m |
| Total liabilities | ₹307.89m |
| Total assets | ₹573.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543518's short term assets (₹550.0M) exceed its short term liabilities (₹289.4M).
Long Term Liabilities: 543518's short term assets (₹550.0M) exceed its long term liabilities (₹18.5M).
Debt to Equity History and Analysis
Debt Level: 543518's net debt to equity ratio (86.2%) is considered high.
Reducing Debt: 543518's debt to equity ratio has reduced from 293.3% to 93.5% over the past 5 years.
Debt Coverage: 543518's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 543518's interest payments on its debt are well covered by EBIT (4.3x coverage).