Sharda Motor Industries Balance Sheet Health
Financial Health criteria checks 4/6
Sharda Motor Industries has a total shareholder equity of ₹8.4B and total debt of ₹242.1M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ₹15.1B and ₹6.7B respectively. Sharda Motor Industries's EBIT is ₹2.9B making its interest coverage ratio -12.5. It has cash and short-term investments of ₹6.9B.
Key information
2.9%
Debt to equity ratio
₹242.14m
Debt
Interest coverage ratio | -12.5x |
Cash | ₹6.87b |
Equity | ₹8.42b |
Total liabilities | ₹6.67b |
Total assets | ₹15.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 535602's short term assets (₹11.8B) exceed its short term liabilities (₹6.3B).
Long Term Liabilities: 535602's short term assets (₹11.8B) exceed its long term liabilities (₹321.9M).
Debt to Equity History and Analysis
Debt Level: 535602 has more cash than its total debt.
Reducing Debt: 535602's debt to equity ratio has increased from 0% to 2.9% over the past 5 years.
Debt Coverage: 535602's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 535602 earns more interest than it pays, so coverage of interest payments is not a concern.