Canarys Automations Limited

NSEI:CANARYS Stock Report

Market Cap: ₹2.3b

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 ratio67x
Cash₹235.50m
Equity₹741.14m
Total liabilities₹305.04m
Total assets₹1.05b

Recent financial health updates

No updates

Recent updates

Slammed 26% Canarys Automations Limited (NSE:CANARYS) Screens Well Here But There Might Be A Catch

Aug 06
Slammed 26% Canarys Automations Limited (NSE:CANARYS) Screens Well Here But There Might Be A Catch

Canarys Automations Limited's (NSE:CANARYS) P/E Is On The Mark

Jun 12
Canarys Automations Limited's (NSE:CANARYS) P/E Is On The Mark

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).


Balance Sheet


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