Ace Software Exports Balance Sheet Health
Financial Health criteria checks 4/6
Ace Software Exports has a total shareholder equity of ₹368.3M and total debt of ₹62.6M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹466.8M and ₹98.4M respectively. Ace Software Exports's EBIT is ₹26.6M making its interest coverage ratio -21.7. It has cash and short-term investments of ₹84.4M.
Key information
17.0%
Debt to equity ratio
₹62.55m
Debt
| Interest coverage ratio | -21.7x |
| Cash | ₹84.42m |
| Equity | ₹368.35m |
| Total liabilities | ₹98.43m |
| Total assets | ₹466.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531525's short term assets (₹202.7M) exceed its short term liabilities (₹62.5M).
Long Term Liabilities: 531525's short term assets (₹202.7M) exceed its long term liabilities (₹36.0M).
Debt to Equity History and Analysis
Debt Level: 531525 has more cash than its total debt.
Reducing Debt: 531525's debt to equity ratio has increased from 6.8% to 17% over the past 5 years.
Debt Coverage: 531525's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531525 earns more interest than it pays, so coverage of interest payments is not a concern.