Sprayking Balance Sheet Health
Financial Health criteria checks 3/6
Sprayking has a total shareholder equity of ₹310.3M and total debt of ₹492.3M, which brings its debt-to-equity ratio to 158.7%. Its total assets and total liabilities are ₹1.2B and ₹842.9M respectively. Sprayking's EBIT is ₹129.1M making its interest coverage ratio 17.2. It has cash and short-term investments of ₹2.6M.
Key information
158.7%
Debt to equity ratio
₹492.32m
Debt
Interest coverage ratio | 17.2x |
Cash | ₹2.63m |
Equity | ₹310.26m |
Total liabilities | ₹842.92m |
Total assets | ₹1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540079's short term assets (₹942.7M) exceed its short term liabilities (₹813.4M).
Long Term Liabilities: 540079's short term assets (₹942.7M) exceed its long term liabilities (₹29.5M).
Debt to Equity History and Analysis
Debt Level: 540079's net debt to equity ratio (157.8%) is considered high.
Reducing Debt: 540079's debt to equity ratio has increased from 79.1% to 158.7% over the past 5 years.
Debt Coverage: 540079's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540079's interest payments on its debt are well covered by EBIT (17.2x coverage).