Somi Conveyor Beltings Balance Sheet Health
Financial Health criteria checks 6/6
Somi Conveyor Beltings has a total shareholder equity of ₹741.5M and total debt of ₹141.3M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are ₹1.1B and ₹341.6M respectively. Somi Conveyor Beltings's EBIT is ₹91.8M making its interest coverage ratio 10.9. It has cash and short-term investments of ₹99.5M.
Key information
19.1%
Debt to equity ratio
₹141.32m
Debt
| Interest coverage ratio | 10.9x |
| Cash | ₹99.51m |
| Equity | ₹741.50m |
| Total liabilities | ₹341.57m |
| Total assets | ₹1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533001's short term assets (₹787.3M) exceed its short term liabilities (₹329.6M).
Long Term Liabilities: 533001's short term assets (₹787.3M) exceed its long term liabilities (₹12.0M).
Debt to Equity History and Analysis
Debt Level: 533001's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 533001's debt to equity ratio has reduced from 36.6% to 19.1% over the past 5 years.
Debt Coverage: 533001's debt is well covered by operating cash flow (42.2%).
Interest Coverage: 533001's interest payments on its debt are well covered by EBIT (10.9x coverage).