Lytus Technologies Holdings PTV Balance Sheet Health
Financial Health criteria checks 3/6
Lytus Technologies Holdings PTV has a total shareholder equity of $11.0M and total debt of $4.8M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are $30.7M and $19.8M respectively. Lytus Technologies Holdings PTV's EBIT is $916.6K making its interest coverage ratio 0.4. It has cash and short-term investments of $3.1M.
Key information
43.4%
Debt to equity ratio
US$4.76m
Debt
Interest coverage ratio | 0.4x |
Cash | US$3.14m |
Equity | US$10.97m |
Total liabilities | US$19.77m |
Total assets | US$30.74m |
Recent financial health updates
Recent updates
Market Cool On Lytus Technologies Holdings PTV. Ltd.'s (NASDAQ:LYT) Revenues Pushing Shares 34% Lower
May 02Lacklustre Performance Is Driving Lytus Technologies Holdings PTV. Ltd.'s (NASDAQ:LYT) 31% Price Drop
Nov 01Lytus Technologies receives noncompliance notice from Nasdaq
Oct 03Lytus Technologies Stock: What To Know About This New IPO
Jul 11Financial Position Analysis
Short Term Liabilities: LYT's short term assets ($8.8M) do not cover its short term liabilities ($19.0M).
Long Term Liabilities: LYT's short term assets ($8.8M) exceed its long term liabilities ($752.3K).
Debt to Equity History and Analysis
Debt Level: LYT's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LYT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LYT's debt is well covered by operating cash flow (71.1%).
Interest Coverage: LYT's interest payments on its debt are not well covered by EBIT (0.4x coverage).