Solitaire Machine Tools Balance Sheet Health
Financial Health criteria checks 4/6
Solitaire Machine Tools has a total shareholder equity of ₹181.3M and total debt of ₹40.7M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ₹273.7M and ₹92.4M respectively. Solitaire Machine Tools's EBIT is ₹21.6M making its interest coverage ratio -20.7. It has cash and short-term investments of ₹14.1M.
Key information
22.4%
Debt to equity ratio
₹40.66m
Debt
| Interest coverage ratio | -20.7x |
| Cash | ₹14.13m |
| Equity | ₹181.28m |
| Total liabilities | ₹92.44m |
| Total assets | ₹273.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522152's short term assets (₹127.2M) exceed its short term liabilities (₹47.6M).
Long Term Liabilities: 522152's short term assets (₹127.2M) exceed its long term liabilities (₹44.8M).
Debt to Equity History and Analysis
Debt Level: 522152's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 522152's debt to equity ratio has increased from 0% to 22.4% over the past 5 years.
Debt Coverage: 522152's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 522152 earns more interest than it pays, so coverage of interest payments is not a concern.