Solitaire Machine Tools Balance Sheet Health
Financial Health criteria checks 5/6
Solitaire Machine Tools has a total shareholder equity of ₹170.2M and total debt of ₹5.3M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹216.0M and ₹45.8M respectively. Solitaire Machine Tools's EBIT is ₹21.1M making its interest coverage ratio -14.8. It has cash and short-term investments of ₹9.3M.
Key information
3.1%
Debt to equity ratio
₹5.31m
Debt
Interest coverage ratio | -14.8x |
Cash | ₹9.28m |
Equity | ₹170.20m |
Total liabilities | ₹45.76m |
Total assets | ₹215.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522152's short term assets (₹110.9M) exceed its short term liabilities (₹42.2M).
Long Term Liabilities: 522152's short term assets (₹110.9M) exceed its long term liabilities (₹3.6M).
Debt to Equity History and Analysis
Debt Level: 522152 has more cash than its total debt.
Reducing Debt: 522152's debt to equity ratio has increased from 0% to 3.1% over the past 5 years.
Debt Coverage: 522152's debt is well covered by operating cash flow (452.2%).
Interest Coverage: 522152 earns more interest than it pays, so coverage of interest payments is not a concern.