Timescan Logistics (India) Balance Sheet Health
Financial Health criteria checks 4/6
Timescan Logistics (India) has a total shareholder equity of ₹221.7M and total debt of ₹66.1M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are ₹421.6M and ₹200.0M respectively. Timescan Logistics (India)'s EBIT is ₹57.5M making its interest coverage ratio 14.2. It has cash and short-term investments of ₹22.5M.
Key information
29.8%
Debt to equity ratio
₹66.05m
Debt
| Interest coverage ratio | 14.2x |
| Cash | ₹22.51m |
| Equity | ₹221.68m |
| Total liabilities | ₹199.97m |
| Total assets | ₹421.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIMESCAN's short term assets (₹324.1M) exceed its short term liabilities (₹191.5M).
Long Term Liabilities: TIMESCAN's short term assets (₹324.1M) exceed its long term liabilities (₹8.5M).
Debt to Equity History and Analysis
Debt Level: TIMESCAN's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: TIMESCAN's debt to equity ratio has increased from 10.3% to 29.8% over the past 5 years.
Debt Coverage: TIMESCAN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TIMESCAN's interest payments on its debt are well covered by EBIT (14.2x coverage).