Signet Industries Balance Sheet Health
Financial Health criteria checks 2/6
Signet Industries has a total shareholder equity of ₹2.2B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 157.4%. Its total assets and total liabilities are ₹7.8B and ₹5.6B respectively. Signet Industries's EBIT is ₹716.1M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹202.3M.
Key information
157.4%
Debt to equity ratio
₹3.49b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹202.32m |
| Equity | ₹2.22b |
| Total liabilities | ₹5.61b |
| Total assets | ₹7.83b |
Recent financial health updates
Does Signet Industries (NSE:SIGIND) Have A Healthy Balance Sheet?
Jan 05
We Think Signet Industries (NSE:SIGIND) Is Taking Some Risk With Its Debt
Feb 16We Think Signet Industries (NSE:SIGIND) Is Taking Some Risk With Its Debt
Dec 09These 4 Measures Indicate That Signet Industries (NSE:SIGIND) Is Using Debt Extensively
Aug 03Is Signet Industries (NSE:SIGIND) A Risky Investment?
Mar 30Here's Why Signet Industries (NSE:SIGIND) Is Weighed Down By Its Debt Load
Dec 22
Recent updates
Signet Industries (NSE:SIGIND) Has Announced A Dividend Of ₹0.50
Sep 05Signet Industries' (NSE:SIGIND) Dividend Will Be ₹0.50
Aug 20Shareholders Are Optimistic That Signet Industries (NSE:SIGIND) Will Multiply In Value
Jun 05Signet Industries Limited (NSE:SIGIND) Stock Rockets 26% But Many Are Still Ignoring The Company
Apr 28Signet Industries Limited's (NSE:SIGIND) Shares Leap 31% Yet They're Still Not Telling The Full Story
Jan 30Does Signet Industries (NSE:SIGIND) Have A Healthy Balance Sheet?
Jan 05Signet Industries (NSE:SIGIND) Has Affirmed Its Dividend Of ₹0.50
Sep 14Signet Industries (NSE:SIGIND) Will Pay A Dividend Of ₹0.50
Aug 31Signet Industries (NSE:SIGIND) Has Announced A Dividend Of ₹0.50
Aug 17Here's What Signet Industries' (NSE:SIGIND) Strong Returns On Capital Mean
Jun 01We Think Signet Industries (NSE:SIGIND) Is Taking Some Risk With Its Debt
Feb 16Signet Industries (NSE:SIGIND) Is Paying Out A Dividend Of ₹0.50
Sep 08Signet Industries (NSE:SIGIND) Is Paying Out A Dividend Of ₹0.50
Aug 13Returns On Capital Signal Tricky Times Ahead For Signet Industries (NSE:SIGIND)
May 10Capital Allocation Trends At Signet Industries (NSE:SIGIND) Aren't Ideal
Jan 17We Think Signet Industries (NSE:SIGIND) Is Taking Some Risk With Its Debt
Dec 09Signet Industries' (NSE:SIGIND) Dividend Will Be ₹0.50
Sep 07Signet Industries (NSE:SIGIND) Has Announced A Dividend Of ₹0.50
Aug 18These 4 Measures Indicate That Signet Industries (NSE:SIGIND) Is Using Debt Extensively
Aug 03Investors Could Be Concerned With Signet Industries' (NSE:SIGIND) Returns On Capital
May 31Is Signet Industries (NSE:SIGIND) A Risky Investment?
Mar 30Is Signet Industries (NSE:SIGIND) Likely To Turn Things Around?
Mar 02Is Signet Industries Limited (NSE:SIGIND) A Great Dividend Stock?
Feb 08How Is Signet Industries' (NSE:SIGIND) CEO Paid Relative To Peers?
Jan 11Here's Why Signet Industries (NSE:SIGIND) Is Weighed Down By Its Debt Load
Dec 22Here's What To Make Of Signet Industries' (NSE:SIGIND) Returns On Capital
Nov 30Here's How We Evaluate Signet Industries Limited's (NSE:SIGIND) Dividend
Nov 10Here's What We Learned About The CEO Pay At Signet Industries Limited (NSE:SIGIND)
Oct 12Financial Position Analysis
Short Term Liabilities: SIGIND's short term assets (₹6.9B) exceed its short term liabilities (₹5.1B).
Long Term Liabilities: SIGIND's short term assets (₹6.9B) exceed its long term liabilities (₹476.1M).
Debt to Equity History and Analysis
Debt Level: SIGIND's net debt to equity ratio (148.2%) is considered high.
Reducing Debt: SIGIND's debt to equity ratio has increased from 153.6% to 157.4% over the past 5 years.
Debt Coverage: SIGIND's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: SIGIND's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 18:50 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Signet Industries Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anil Burra | FirstCall Research |
| Vinayak M. | FirstCall Research |