Destiny Logistics & Infra Balance Sheet Health
Financial Health criteria checks 4/6
Destiny Logistics & Infra has a total shareholder equity of ₹285.7M and total debt of ₹132.7M, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are ₹542.3M and ₹256.5M respectively. Destiny Logistics & Infra's EBIT is ₹38.0M making its interest coverage ratio 4.1. It has cash and short-term investments of ₹6.2M.
Key information
46.4%
Debt to equity ratio
₹132.70m
Debt
| Interest coverage ratio | 4.1x |
| Cash | ₹6.20m |
| Equity | ₹285.72m |
| Total liabilities | ₹256.55m |
| Total assets | ₹542.26m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DESTINY's short term assets (₹383.0M) exceed its short term liabilities (₹253.7M).
Long Term Liabilities: DESTINY's short term assets (₹383.0M) exceed its long term liabilities (₹2.8M).
Debt to Equity History and Analysis
Debt Level: DESTINY's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: DESTINY's debt to equity ratio has reduced from 140.3% to 46.4% over the past 5 years.
Debt Coverage: DESTINY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DESTINY's interest payments on its debt are well covered by EBIT (4.1x coverage).