Solid Stone Balance Sheet Health
Financial Health criteria checks 3/6
Solid Stone has a total shareholder equity of ₹216.7M and total debt of ₹180.5M, which brings its debt-to-equity ratio to 83.3%. Its total assets and total liabilities are ₹542.4M and ₹325.7M respectively. Solid Stone's EBIT is ₹28.8M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹897.0K.
Key information
83.3%
Debt to equity ratio
₹180.53m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹897.00k |
| Equity | ₹216.71m |
| Total liabilities | ₹325.66m |
| Total assets | ₹542.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513699's short term assets (₹507.6M) exceed its short term liabilities (₹263.4M).
Long Term Liabilities: 513699's short term assets (₹507.6M) exceed its long term liabilities (₹62.3M).
Debt to Equity History and Analysis
Debt Level: 513699's net debt to equity ratio (82.9%) is considered high.
Reducing Debt: 513699's debt to equity ratio has increased from 75.8% to 83.3% over the past 5 years.
Debt Coverage: 513699's debt is well covered by operating cash flow (25.2%).
Interest Coverage: 513699's interest payments on its debt are not well covered by EBIT (1.3x coverage).