Aspire & Innovative Advertising Balance Sheet Health
Financial Health criteria checks 5/6
Aspire & Innovative Advertising has a total shareholder equity of ₹368.8M and total debt of ₹130.5M, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are ₹1.2B and ₹800.6M respectively. Aspire & Innovative Advertising's EBIT is ₹124.9M making its interest coverage ratio -110.5. It has cash and short-term investments of ₹129.3M.
Key information
35.4%
Debt to equity ratio
₹130.51m
Debt
| Interest coverage ratio | -110.5x |
| Cash | ₹129.31m |
| Equity | ₹368.78m |
| Total liabilities | ₹800.60m |
| Total assets | ₹1.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASPIRE's short term assets (₹1.1B) exceed its short term liabilities (₹731.0M).
Long Term Liabilities: ASPIRE's short term assets (₹1.1B) exceed its long term liabilities (₹69.6M).
Debt to Equity History and Analysis
Debt Level: ASPIRE's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: ASPIRE's debt to equity ratio has reduced from 123.4% to 35.4% 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.