Sahaj Solar Balance Sheet Health
Financial Health criteria checks 4/6
Sahaj Solar has a total shareholder equity of ₹875.1M and total debt of ₹29.1M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ₹1.5B and ₹671.4M respectively. Sahaj Solar's EBIT is ₹278.0M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹115.6M.
Key information
3.3%
Debt to equity ratio
₹29.12m
Debt
| Interest coverage ratio | 7.4x |
| Cash | ₹115.61m |
| Equity | ₹875.11m |
| Total liabilities | ₹671.42m |
| Total assets | ₹1.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SAHAJSOLAR's short term assets (₹1.3B) exceed its short term liabilities (₹639.6M).
Long Term Liabilities: SAHAJSOLAR's short term assets (₹1.3B) exceed its long term liabilities (₹31.8M).
Debt to Equity History and Analysis
Debt Level: SAHAJSOLAR has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SAHAJSOLAR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SAHAJSOLAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SAHAJSOLAR's interest payments on its debt are well covered by EBIT (7.4x coverage).