Sahaj Solar Balance Sheet Health
Financial Health criteria checks 3/6
Sahaj Solar has a total shareholder equity of ₹336.2M and total debt of ₹567.9M, which brings its debt-to-equity ratio to 168.9%. Its total assets and total liabilities are ₹1.5B and ₹1.2B respectively. Sahaj Solar's EBIT is ₹232.3M making its interest coverage ratio 10.1. It has cash and short-term investments of ₹118.3M.
Key information
168.9%
Debt to equity ratio
₹567.91m
Debt
| Interest coverage ratio | 10.1x |
| Cash | ₹118.31m |
| Equity | ₹336.23m |
| Total liabilities | ₹1.16b |
| Total assets | ₹1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAHAJSOLAR's short term assets (₹1.4B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: SAHAJSOLAR's short term assets (₹1.4B) exceed its long term liabilities (₹41.5M).
Debt to Equity History and Analysis
Debt Level: SAHAJSOLAR's net debt to equity ratio (133.7%) is considered high.
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 (10.1x coverage).