ABS Marine Services Balance Sheet Health
Financial Health criteria checks 6/6
ABS Marine Services has a total shareholder equity of ₹1.3B and total debt of ₹456.8M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are ₹1.8B and ₹579.9M respectively. ABS Marine Services's EBIT is ₹284.3M making its interest coverage ratio 7. It has cash and short-term investments of ₹176.1M.
Key information
36.0%
Debt to equity ratio
₹456.80m
Debt
| Interest coverage ratio | 7x |
| Cash | ₹176.07m |
| Equity | ₹1.27b |
| Total liabilities | ₹579.88m |
| Total assets | ₹1.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABSMARINE's short term assets (₹629.7M) exceed its short term liabilities (₹303.8M).
Long Term Liabilities: ABSMARINE's short term assets (₹629.7M) exceed its long term liabilities (₹276.1M).
Debt to Equity History and Analysis
Debt Level: ABSMARINE's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: ABSMARINE's debt to equity ratio has reduced from 102.5% to 36% over the past 5 years.
Debt Coverage: ABSMARINE's debt is well covered by operating cash flow (25.3%).
Interest Coverage: ABSMARINE's interest payments on its debt are well covered by EBIT (7x coverage).