Canarys Automations Balance Sheet Health
Financial Health criteria checks 4/6
Canarys Automations has a total shareholder equity of ₹281.2M and total debt of ₹140.5M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are ₹645.7M and ₹364.5M respectively. Canarys Automations's EBIT is ₹136.8M making its interest coverage ratio 11.8. It has cash and short-term investments of ₹35.5M.
Key information
50.0%
Debt to equity ratio
₹140.49m
Debt
Interest coverage ratio | 11.8x |
Cash | ₹35.46m |
Equity | ₹281.20m |
Total liabilities | ₹364.48m |
Total assets | ₹645.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CANARYS's short term assets (₹587.5M) exceed its short term liabilities (₹361.5M).
Long Term Liabilities: CANARYS's short term assets (₹587.5M) exceed its long term liabilities (₹3.0M).
Debt to Equity History and Analysis
Debt Level: CANARYS's net debt to equity ratio (37.4%) is considered satisfactory.
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 (11.8x coverage).