Somany Ceramics Balance Sheet Health
Financial Health criteria checks 6/6
Somany Ceramics has a total shareholder equity of ₹9.2B and total debt of ₹3.7B, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are ₹19.8B and ₹10.6B respectively. Somany Ceramics's EBIT is ₹1.6B making its interest coverage ratio 5.1. It has cash and short-term investments of ₹1.3B.
Key information
40.3%
Debt to equity ratio
₹3.71b
Debt
Interest coverage ratio | 5.1x |
Cash | ₹1.32b |
Equity | ₹9.20b |
Total liabilities | ₹10.59b |
Total assets | ₹19.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531548's short term assets (₹8.3B) exceed its short term liabilities (₹7.4B).
Long Term Liabilities: 531548's short term assets (₹8.3B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: 531548's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 531548's debt to equity ratio has reduced from 89.6% to 40.3% over the past 5 years.
Debt Coverage: 531548's debt is well covered by operating cash flow (105%).
Interest Coverage: 531548's interest payments on its debt are well covered by EBIT (5.1x coverage).