Shivam Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Shivam Chemicals has a total shareholder equity of ₹336.0M and total debt of ₹193.2M, which brings its debt-to-equity ratio to 57.5%. Its total assets and total liabilities are ₹569.7M and ₹233.7M respectively. Shivam Chemicals's EBIT is ₹23.7M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹57.6M.
Key information
57.5%
Debt to equity ratio
₹193.20m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹57.58m |
| Equity | ₹335.96m |
| Total liabilities | ₹233.72m |
| Total assets | ₹569.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544165's short term assets (₹414.1M) exceed its short term liabilities (₹184.1M).
Long Term Liabilities: 544165's short term assets (₹414.1M) exceed its long term liabilities (₹49.6M).
Debt to Equity History and Analysis
Debt Level: 544165's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: Insufficient data to determine if 544165's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544165's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544165's interest payments on its debt are not well covered by EBIT (2.3x coverage).