Somi Conveyor Beltings Balance Sheet Health
Financial Health criteria checks 6/6
Somi Conveyor Beltings has a total shareholder equity of ₹683.9M and total debt of ₹158.4M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are ₹1.0B and ₹353.3M respectively. Somi Conveyor Beltings's EBIT is ₹76.7M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹69.2M.
Key information
23.2%
Debt to equity ratio
₹158.44m
Debt
Interest coverage ratio | 7.4x |
Cash | ₹69.16m |
Equity | ₹683.88m |
Total liabilities | ₹353.26m |
Total assets | ₹1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533001's short term assets (₹731.6M) exceed its short term liabilities (₹335.0M).
Long Term Liabilities: 533001's short term assets (₹731.6M) exceed its long term liabilities (₹18.3M).
Debt to Equity History and Analysis
Debt Level: 533001's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: 533001's debt to equity ratio has reduced from 38% to 23.2% over the past 5 years.
Debt Coverage: 533001's debt is well covered by operating cash flow (53.4%).
Interest Coverage: 533001's interest payments on its debt are well covered by EBIT (7.4x coverage).