Hariyana Ship Breakers Balance Sheet Health
Financial Health criteria checks 2/6
Hariyana Ship Breakers has a total shareholder equity of ₹1.5B and total debt of ₹154.9M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are ₹1.6B and ₹186.5M respectively. Hariyana Ship Breakers's EBIT is ₹58.3M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹9.7M.
Key information
10.6%
Debt to equity ratio
₹154.88m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹9.75m |
| Equity | ₹1.46b |
| Total liabilities | ₹186.54m |
| Total assets | ₹1.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526931's short term assets (₹35.2M) do not cover its short term liabilities (₹163.4M).
Long Term Liabilities: 526931's short term assets (₹35.2M) exceed its long term liabilities (₹23.1M).
Debt to Equity History and Analysis
Debt Level: 526931's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 526931's debt to equity ratio has increased from 5.2% to 10.6% over the past 5 years.
Debt Coverage: 526931's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526931's interest payments on its debt are not well covered by EBIT (2.6x coverage).