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
Here's Why Sharda Motor Industries (NSE:SHARDAMOTR) Can Manage Its Debt Responsibly
Aug 31
We Think Sharda Motor Industries (NSE:SHARDAMOTR) Can Stay On Top Of Its Debt
Mar 09Recent updates
Do Sharda Motor Industries' (NSE:SHARDAMOTR) Earnings Warrant Your Attention?
Nov 11Here's Why Sharda Motor Industries (NSE:SHARDAMOTR) Can Manage Its Debt Responsibly
Aug 31Should You Be Adding Sharda Motor Industries (NSE:SHARDAMOTR) To Your Watchlist Today?
Apr 06Estimating The Fair Value Of Sharda Motor Industries Limited (NSE:SHARDAMOTR)
Jul 05If You Like EPS Growth Then Check Out Sharda Motor Industries (NSE:SHARDAMOTR) Before It's Too Late
May 12We Think Sharda Motor Industries (NSE:SHARDAMOTR) Can Stay On Top Of Its Debt
Mar 09Here's Why We Think Sharda Motor Industries (NSE:SHARDAMOTR) Is Well Worth Watching
Oct 14Sharda Motor Industries Limited's (NSE:SHARDAMOTR) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Mar 07We're Not Counting On Sharda Motor Industries (NSE:SHARDAMOTR) To Sustain Its Statutory Profitability
Feb 08Sharda Motor Industries (NSE:SHARDAMOTR) Has Gifted Shareholders With A Fantastic 196% Total Return On Their Investment
Jan 11Is Sharda Motor Industries Limited's (NSE:SHARDAMOTR) Shareholder Ownership Skewed Towards Insiders?
Dec 14Sharda Motor Industries Limited's (NSE:SHARDAMOTR) Stock Is Going Strong: Is the Market Following Fundamentals?
Nov 16Have Insiders Been Selling Sharda Motor Industries Limited (NSE:SHARDAMOTR) Shares?
Oct 27
A Look At Sharda Motor Industries' (NSE:SHARDAMOTR) Share Price Returns
Sep 21There Is A Reason Sharda Motor Industries Limited's (NSE:SHARDAMOTR) Price Is Undemanding
Aug 17We're Not Counting On Sharda Motor Industries (NSE:SHARDAMOTR) To Sustain Its Statutory Profitability
Aug 04Market Cool On Sharda Motor Industries Limited's (NSE:SHARDAMOTR) Earnings
Jul 15Financial Position Analysis
Short Term Liabilities: SHARDAMOTR's short term assets (₹11.8B) exceed its short term liabilities (₹6.3B).
Long Term Liabilities: SHARDAMOTR's short term assets (₹11.8B) exceed its long term liabilities (₹321.9M).
Debt to Equity History and Analysis
Debt Level: SHARDAMOTR has more cash than its total debt.
Reducing Debt: SHARDAMOTR's debt to equity ratio has increased from 0% to 2.9% over the past 5 years.
Debt Coverage: SHARDAMOTR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SHARDAMOTR earns more interest than it pays, so coverage of interest payments is not a concern.