Aspire & Innovative Advertising Balance Sheet Health
Financial Health criteria checks 5/6
Aspire & Innovative Advertising has a total shareholder equity of ₹472.4M and total debt of ₹10.4M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹878.9M and ₹406.4M respectively. Aspire & Innovative Advertising's EBIT is ₹99.6M making its interest coverage ratio -49.2. It has cash and short-term investments of ₹78.4M.
Key information
2.2%
Debt to equity ratio
₹10.40m
Debt
| Interest coverage ratio | -49.2x |
| Cash | ₹78.40m |
| Equity | ₹472.44m |
| Total liabilities | ₹406.42m |
| Total assets | ₹878.86m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASPIRE's short term assets (₹681.3M) exceed its short term liabilities (₹392.0M).
Long Term Liabilities: ASPIRE's short term assets (₹681.3M) exceed its long term liabilities (₹14.5M).
Debt to Equity History and Analysis
Debt Level: ASPIRE has more cash than its total debt.
Reducing Debt: ASPIRE's debt to equity ratio has reduced from 40.4% to 2.2% over the past 5 years.
Debt Coverage: ASPIRE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASPIRE earns more interest than it pays, so coverage of interest payments is not a concern.