Sundram Fasteners Balance Sheet Health
Financial Health criteria checks 6/6
Sundram Fasteners has a total shareholder equity of ₹36.6B and total debt of ₹8.2B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ₹53.8B and ₹17.2B respectively. Sundram Fasteners's EBIT is ₹7.1B making its interest coverage ratio 28.5. It has cash and short-term investments of ₹486.8M.
Key information
22.4%
Debt to equity ratio
₹8.19b
Debt
| Interest coverage ratio | 28.5x |
| Cash | ₹486.80m |
| Equity | ₹36.61b |
| Total liabilities | ₹17.20b |
| Total assets | ₹53.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500403's short term assets (₹26.4B) exceed its short term liabilities (₹14.6B).
Long Term Liabilities: 500403's short term assets (₹26.4B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 500403's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: 500403's debt to equity ratio has reduced from 51.1% to 22.4% over the past 5 years.
Debt Coverage: 500403's debt is well covered by operating cash flow (49.7%).
Interest Coverage: 500403's interest payments on its debt are well covered by EBIT (28.5x coverage).