Eighty Jewellers Balance Sheet Health
Financial Health criteria checks 5/6
Eighty Jewellers has a total shareholder equity of ₹253.1M and total debt of ₹67.7M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are ₹365.4M and ₹112.2M respectively. Eighty Jewellers's EBIT is ₹27.1M making its interest coverage ratio 3. It has cash and short-term investments of ₹1.6M.
Key information
26.7%
Debt to equity ratio
₹67.66m
Debt
Interest coverage ratio | 3x |
Cash | ₹1.60m |
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 (26.1%) is considered satisfactory.
Reducing Debt: 543518's debt to equity ratio has reduced from 306.9% to 26.7% over the past 5 years.
Debt Coverage: 543518's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 543518's interest payments on its debt are not well covered by EBIT (3x coverage).