Somany Ceramics Balance Sheet Health
Financial Health criteria checks 5/6
Somany Ceramics has a total shareholder equity of ₹8.5B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are ₹19.5B and ₹11.0B respectively. Somany Ceramics's EBIT is ₹1.7B making its interest coverage ratio 4.5. It has cash and short-term investments of ₹644.0M.
Key information
38.6%
Debt to equity ratio
₹3.30b
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₹644.00m |
| Equity | ₹8.55b |
| Total liabilities | ₹10.99b |
| Total assets | ₹19.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531548's short term assets (₹7.9B) do not cover its short term liabilities (₹8.0B).
Long Term Liabilities: 531548's short term assets (₹7.9B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: 531548's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: 531548's debt to equity ratio has reduced from 80.5% to 38.6% over the past 5 years.
Debt Coverage: 531548's debt is well covered by operating cash flow (65.2%).
Interest Coverage: 531548's interest payments on its debt are well covered by EBIT (4.5x coverage).