Adroit Infotech Balance Sheet Health
Financial Health criteria checks 5/6
Adroit Infotech has a total shareholder equity of ₹353.5M and total debt of ₹30.1M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are ₹479.2M and ₹125.8M respectively. Adroit Infotech's EBIT is ₹31.9M making its interest coverage ratio 10.6. It has cash and short-term investments of ₹16.6M.
Key information
8.5%
Debt to equity ratio
₹30.12m
Debt
Interest coverage ratio | 10.6x |
Cash | ₹16.63m |
Equity | ₹353.46m |
Total liabilities | ₹125.79m |
Total assets | ₹479.24m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ADROITPP1's short term assets (₹165.9M) exceed its short term liabilities (₹63.9M).
Long Term Liabilities: ADROITPP1's short term assets (₹165.9M) exceed its long term liabilities (₹61.9M).
Debt to Equity History and Analysis
Debt Level: ADROITPP1's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: ADROITPP1's debt to equity ratio has reduced from 10% to 8.5% over the past 5 years.
Debt Coverage: ADROITPP1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ADROITPP1's interest payments on its debt are well covered by EBIT (10.6x coverage).