Aspire & Innovative Advertising Balance Sheet Health
Financial Health criteria checks 4/6
Aspire & Innovative Advertising has a total shareholder equity of ₹155.1M and total debt of ₹88.2M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are ₹625.7M and ₹470.6M respectively. Aspire & Innovative Advertising's EBIT is ₹70.1M making its interest coverage ratio -68.9. It has cash and short-term investments of ₹52.2M.
Key information
56.8%
Debt to equity ratio
₹88.15m
Debt
Interest coverage ratio | -68.9x |
Cash | ₹52.17m |
Equity | ₹155.13m |
Total liabilities | ₹470.57m |
Total assets | ₹625.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASPIRE's short term assets (₹580.3M) exceed its short term liabilities (₹423.3M).
Long Term Liabilities: ASPIRE's short term assets (₹580.3M) exceed its long term liabilities (₹47.2M).
Debt to Equity History and Analysis
Debt Level: ASPIRE's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: ASPIRE's debt to equity ratio has increased from 0% to 56.8% 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.