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 5.7. It has cash and short-term investments of ₹6.2M.
Key information
46.4%
Debt to equity ratio
₹132.70m
Debt
| Interest coverage ratio | 5.7x |
| Cash | ₹6.20m |
| Equity | ₹285.71m |
| Total liabilities | ₹256.55m |
| Total assets | ₹542.26m |
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 (₹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 (5.7x coverage).