Australian Premium Solar (India) Balance Sheet Health
Financial Health criteria checks 5/6
Australian Premium Solar (India) has a total shareholder equity of ₹144.7M and total debt of ₹22.2M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are ₹391.9M and ₹247.2M respectively. Australian Premium Solar (India)'s EBIT is ₹45.3M making its interest coverage ratio 48.3. It has cash and short-term investments of ₹21.9M.
Key information
15.4%
Debt to equity ratio
₹22.21m
Debt
Interest coverage ratio | 48.3x |
Cash | ₹21.89m |
Equity | ₹144.66m |
Total liabilities | ₹247.23m |
Total assets | ₹391.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APS's short term assets (₹289.5M) exceed its short term liabilities (₹226.3M).
Long Term Liabilities: APS's short term assets (₹289.5M) exceed its long term liabilities (₹20.9M).
Debt to Equity History and Analysis
Debt Level: APS's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if APS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: APS's debt is well covered by operating cash flow (114%).
Interest Coverage: APS's interest payments on its debt are well covered by EBIT (48.3x coverage).