Ashapura Logistics Balance Sheet Health
Financial Health criteria checks 3/6
Ashapura Logistics has a total shareholder equity of ₹657.4M and total debt of ₹414.7M, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are ₹1.3B and ₹607.0M respectively. Ashapura Logistics's EBIT is ₹199.7M making its interest coverage ratio 6.3. It has cash and short-term investments of ₹56.6M.
Key information
63.1%
Debt to equity ratio
₹414.71m
Debt
| Interest coverage ratio | 6.3x |
| Cash | ₹56.58m |
| Equity | ₹657.45m |
| Total liabilities | ₹607.04m |
| Total assets | ₹1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASHALOG's short term assets (₹905.9M) exceed its short term liabilities (₹505.1M).
Long Term Liabilities: ASHALOG's short term assets (₹905.9M) exceed its long term liabilities (₹101.9M).
Debt to Equity History and Analysis
Debt Level: ASHALOG's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: Insufficient data to determine if ASHALOG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ASHALOG's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: ASHALOG's interest payments on its debt are well covered by EBIT (6.3x coverage).