Shalimar Wires Industries Balance Sheet Health
Financial Health criteria checks 3/6
Shalimar Wires Industries has a total shareholder equity of ₹356.5M and total debt of ₹886.4M, which brings its debt-to-equity ratio to 248.7%. Its total assets and total liabilities are ₹1.8B and ₹1.4B respectively. Shalimar Wires Industries's EBIT is ₹52.8M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹55.0M.
Key information
248.7%
Debt to equity ratio
₹886.41m
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₹55.04m |
| Equity | ₹356.48m |
| Total liabilities | ₹1.40b |
| Total assets | ₹1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532455's short term assets (₹810.3M) exceed its short term liabilities (₹626.2M).
Long Term Liabilities: 532455's short term assets (₹810.3M) exceed its long term liabilities (₹774.4M).
Debt to Equity History and Analysis
Debt Level: 532455's net debt to equity ratio (233.2%) is considered high.
Reducing Debt: 532455's debt to equity ratio has increased from 190.9% to 248.7% over the past 5 years.
Debt Coverage: 532455's debt is well covered by operating cash flow (34%).
Interest Coverage: 532455's interest payments on its debt are not well covered by EBIT (0.5x coverage).