Arvind and Company Shipping Agencies Balance Sheet Health
Financial Health criteria checks 3/6
Arvind and Company Shipping Agencies has a total shareholder equity of ₹278.5M and total debt of ₹117.2M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are ₹447.9M and ₹169.4M respectively. Arvind and Company Shipping Agencies's EBIT is ₹84.8M making its interest coverage ratio 6.2. It has cash and short-term investments of ₹2.4M.
Key information
42.1%
Debt to equity ratio
₹117.17m
Debt
Interest coverage ratio | 6.2x |
Cash | ₹2.37m |
Equity | ₹278.51m |
Total liabilities | ₹169.37m |
Total assets | ₹447.88m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ACSAL's short term assets (₹77.1M) exceed its short term liabilities (₹77.1M).
Long Term Liabilities: ACSAL's short term assets (₹77.1M) do not cover its long term liabilities (₹92.3M).
Debt to Equity History and Analysis
Debt Level: ACSAL's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: Insufficient data to determine if ACSAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ACSAL's debt is well covered by operating cash flow (93%).
Interest Coverage: ACSAL's interest payments on its debt are well covered by EBIT (6.2x coverage).