Destiny Logistics & Infra Balance Sheet Health
Financial Health criteria checks 5/6
Destiny Logistics & Infra has a total shareholder equity of ₹300.7M and total debt of ₹97.0M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are ₹612.2M and ₹311.4M respectively. Destiny Logistics & Infra's EBIT is ₹57.3M making its interest coverage ratio 5.6. It has cash and short-term investments of ₹3.9M.
Key information
32.3%
Debt to equity ratio
₹96.99m
Debt
| Interest coverage ratio | 5.6x |
| Cash | ₹3.92m |
| Equity | ₹300.74m |
| Total liabilities | ₹311.41m |
| Total assets | ₹612.15m |
Recent financial health updates
Recent updates
Destiny Logistics & Infra Limited's (NSE:DESTINY) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Aug 25
Is Destiny Logistics & Infra (NSE:DESTINY) Using Too Much Debt?
Jun 27Do Destiny Logistics & Infra's (NSE:DESTINY) Earnings Warrant Your Attention?
Aug 30Destiny Logistics & Infra Limited (NSE:DESTINY) Soars 25% But It's A Story Of Risk Vs Reward
Oct 30Financial Position Analysis
Short Term Liabilities: DESTINY's short term assets (₹375.1M) exceed its short term liabilities (₹305.4M).
Long Term Liabilities: DESTINY's short term assets (₹375.1M) exceed its long term liabilities (₹6.0M).
Debt to Equity History and Analysis
Debt Level: DESTINY's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: DESTINY's debt to equity ratio has reduced from 134.7% to 32.3% 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 (5.6x coverage).