Siddhika Coatings Balance Sheet Health
Financial Health criteria checks 6/6
Siddhika Coatings has a total shareholder equity of ₹311.3M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹411.0M and ₹99.7M respectively. Siddhika Coatings's EBIT is ₹60.7M making its interest coverage ratio 289.1. It has cash and short-term investments of ₹198.8M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 289.1x |
| Cash | ₹198.81m |
| Equity | ₹311.28m |
| Total liabilities | ₹99.68m |
| Total assets | ₹410.95m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SIDDHIKA's short term assets (₹315.4M) exceed its short term liabilities (₹92.6M).
Long Term Liabilities: SIDDHIKA's short term assets (₹315.4M) exceed its long term liabilities (₹7.1M).
Debt to Equity History and Analysis
Debt Level: SIDDHIKA is debt free.
Reducing Debt: SIDDHIKA has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.
Debt Coverage: SIDDHIKA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SIDDHIKA has no debt, therefore coverage of interest payments is not a concern.