Sanghvi Movers Balance Sheet Health
Financial Health criteria checks 6/6
Sanghvi Movers has a total shareholder equity of ₹10.6B and total debt of ₹3.4B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are ₹15.1B and ₹4.6B respectively. Sanghvi Movers's EBIT is ₹2.3B making its interest coverage ratio 12.2. It has cash and short-term investments of ₹1.8B.
Key information
32.3%
Debt to equity ratio
₹3.41b
Debt
| Interest coverage ratio | 12.2x |
| Cash | ₹1.83b |
| Equity | ₹10.56b |
| Total liabilities | ₹4.57b |
| Total assets | ₹15.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530073's short term assets (₹4.5B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 530073's short term assets (₹4.5B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: 530073's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: 530073's debt to equity ratio has reduced from 52.7% to 32.3% over the past 5 years.
Debt Coverage: 530073's debt is well covered by operating cash flow (68.4%).
Interest Coverage: 530073's interest payments on its debt are well covered by EBIT (12.2x coverage).