Solid Stone Balance Sheet Health
Financial Health criteria checks 4/6
Solid Stone has a total shareholder equity of ₹220.0M and total debt of ₹169.2M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are ₹531.1M and ₹311.1M respectively. Solid Stone's EBIT is ₹28.8M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹1.8M.
Key information
76.9%
Debt to equity ratio
₹169.20m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹1.79m |
| Equity | ₹220.01m |
| Total liabilities | ₹311.07m |
| Total assets | ₹531.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513699's short term assets (₹500.6M) exceed its short term liabilities (₹255.9M).
Long Term Liabilities: 513699's short term assets (₹500.6M) exceed its long term liabilities (₹55.2M).
Debt to Equity History and Analysis
Debt Level: 513699's net debt to equity ratio (76.1%) is considered high.
Reducing Debt: 513699's debt to equity ratio has reduced from 77.6% to 76.9% over the past 5 years.
Debt Coverage: 513699's debt is well covered by operating cash flow (27.6%).
Interest Coverage: 513699's interest payments on its debt are not well covered by EBIT (1.5x coverage).