Sprayking Balance Sheet Health
Financial Health criteria checks 3/6
Sprayking has a total shareholder equity of ₹389.3M and total debt of ₹520.9M, which brings its debt-to-equity ratio to 133.8%. Its total assets and total liabilities are ₹953.6M and ₹564.3M respectively. Sprayking's EBIT is ₹133.9M making its interest coverage ratio 10.9. It has cash and short-term investments of ₹10.0M.
Key information
133.8%
Debt to equity ratio
₹520.86m
Debt
| Interest coverage ratio | 10.9x |
| Cash | ₹10.01m |
| Equity | ₹389.30m |
| Total liabilities | ₹564.32m |
| Total assets | ₹953.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540079's short term assets (₹777.7M) exceed its short term liabilities (₹564.2M).
Long Term Liabilities: 540079's short term assets (₹777.7M) exceed its long term liabilities (₹156.0K).
Debt to Equity History and Analysis
Debt Level: 540079's net debt to equity ratio (131.2%) is considered high.
Reducing Debt: 540079's debt to equity ratio has increased from 71.4% to 133.8% 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 (10.9x coverage).