Canarys Automations Balance Sheet Health
Financial Health criteria checks 4/6
Canarys Automations has a total shareholder equity of ₹741.1M and total debt of ₹77.2M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ₹1.0B and ₹305.0M respectively. Canarys Automations's EBIT is ₹107.4M making its interest coverage ratio 67. It has cash and short-term investments of ₹235.5M.
Key information
10.4%
Debt to equity ratio
₹77.16m
Debt
| Interest coverage ratio | 67x |
| Cash | ₹235.50m |
| Equity | ₹741.14m |
| Total liabilities | ₹305.04m |
| Total assets | ₹1.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CANARYS's short term assets (₹979.6M) exceed its short term liabilities (₹302.0M).
Long Term Liabilities: CANARYS's short term assets (₹979.6M) exceed its long term liabilities (₹3.1M).
Debt to Equity History and Analysis
Debt Level: CANARYS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CANARYS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CANARYS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CANARYS's interest payments on its debt are well covered by EBIT (67x coverage).