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Credence Sound balance sheet is weak and might have solvency issues
The net debt of Credence Sound is decreasing.
Latest net debt of Credence Sound is ₹1.03 Crs as of Mar-09.
This is less than Mar-08 when it was ₹1.17 Crs.
No, profit is decreasing.
The profit of Credence Sound is ₹0.13 Crs for Mar 2009, ₹0.27 Crs for Mar 2008 and ₹0.28 Crs for Mar 2007
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Credence Sound latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets