Esconet Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Esconet Technologies has a total shareholder equity of ₹58.9M and total debt of ₹110.4M, which brings its debt-to-equity ratio to 187.5%. Its total assets and total liabilities are ₹279.8M and ₹221.0M respectively. Esconet Technologies's EBIT is ₹55.2M making its interest coverage ratio 5.6. It has cash and short-term investments of ₹13.5M.
Key information
187.5%
Debt to equity ratio
₹110.39m
Debt
Interest coverage ratio | 5.6x |
Cash | ₹13.55m |
Equity | ₹58.86m |
Total liabilities | ₹220.98m |
Total assets | ₹279.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESCONET's short term assets (₹255.3M) exceed its short term liabilities (₹184.0M).
Long Term Liabilities: ESCONET's short term assets (₹255.3M) exceed its long term liabilities (₹37.0M).
Debt to Equity History and Analysis
Debt Level: ESCONET's net debt to equity ratio (164.5%) is considered high.
Reducing Debt: ESCONET's debt to equity ratio has reduced from 193.9% to 187.5% over the past 5 years.
Debt Coverage: ESCONET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ESCONET's interest payments on its debt are well covered by EBIT (5.6x coverage).