Setco Automotive Balance Sheet Health
Financial Health criteria checks 2/6
Setco Automotive has a total shareholder equity of ₹-5.1B and total debt of ₹9.3B, which brings its debt-to-equity ratio to -183.9%. Its total assets and total liabilities are ₹5.6B and ₹10.7B respectively. Setco Automotive's EBIT is ₹361.1M making its interest coverage ratio 0.2. It has cash and short-term investments of ₹113.1M.
Key information
-183.9%
Debt to equity ratio
₹9.35b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ₹113.10m |
| Equity | -₹5.08b |
| Total liabilities | ₹10.67b |
| Total assets | ₹5.59b |
Recent financial health updates
Does Setco Automotive (NSE:SETCO) Have A Healthy Balance Sheet?
Mar 25
Setco Automotive (NSE:SETCO) Has Debt But No Earnings; Should You Worry?
Dec 10Recent updates
Even With A 27% Surge, Cautious Investors Are Not Rewarding Setco Automotive Limited's (NSE:SETCO) Performance Completely
Apr 14Investors Could Be Concerned With Setco Automotive's (NSE:SETCO) Returns On Capital
Apr 05Many Still Looking Away From Setco Automotive Limited (NSE:SETCO)
Jan 16Setco Automotive (NSE:SETCO) May Have Issues Allocating Its Capital
Oct 18Estimating The Fair Value Of Setco Automotive Limited (NSE:SETCO)
Sep 01Here's What's Concerning About Setco Automotive's (NSE:SETCO) Returns On Capital
Jun 07Does Setco Automotive (NSE:SETCO) Have A Healthy Balance Sheet?
Mar 25Setco Automotive (NSE:SETCO) Has Debt But No Earnings; Should You Worry?
Dec 10Should You Take Comfort From Insider Transactions At Setco Automotive Limited (NSE:SETCO)?
Aug 27The Returns At Setco Automotive (NSE:SETCO) Provide Us With Signs Of What's To Come
Jul 24Financial Position Analysis
Short Term Liabilities: SETCO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SETCO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SETCO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SETCO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SETCO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SETCO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.4% per year.