Sanghvi Movers Balance Sheet Health
Financial Health criteria checks 6/6
Sanghvi Movers has a total shareholder equity of ₹9.0B and total debt of ₹3.4B, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are ₹13.4B and ₹4.4B respectively. Sanghvi Movers's EBIT is ₹2.4B making its interest coverage ratio 11.2. It has cash and short-term investments of ₹833.3M.
Key information
37.2%
Debt to equity ratio
₹3.36b
Debt
Interest coverage ratio | 11.2x |
Cash | ₹833.33m |
Equity | ₹9.03b |
Total liabilities | ₹4.41b |
Total assets | ₹13.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530073's short term assets (₹2.9B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 530073's short term assets (₹2.9B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 530073's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 530073's debt to equity ratio has reduced from 63.7% to 37.2% over the past 5 years.
Debt Coverage: 530073's debt is well covered by operating cash flow (105.8%).
Interest Coverage: 530073's interest payments on its debt are well covered by EBIT (11.2x coverage).