SKP Bearing Industries Balance Sheet Health
Financial Health criteria checks 4/6
SKP Bearing Industries has a total shareholder equity of ₹501.9M and total debt of ₹252.1M, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are ₹902.7M and ₹400.8M respectively. SKP Bearing Industries's EBIT is ₹164.0M making its interest coverage ratio 14.6. It has cash and short-term investments of ₹28.9M.
Key information
50.2%
Debt to equity ratio
₹252.07m
Debt
| Interest coverage ratio | 14.6x |
| Cash | ₹28.87m |
| Equity | ₹501.92m |
| Total liabilities | ₹400.79m |
| Total assets | ₹902.71m |
Recent financial health updates
No updates
Recent updates
SKP Bearing Industries' (NSE:SKP) Shareholders Have More To Worry About Than Only Soft Earnings
May 31
SKP Bearing Industries' (NSE:SKP) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 17Does SKP Bearing Industries (NSE:SKP) Deserve A Spot On Your Watchlist?
Jul 25More Unpleasant Surprises Could Be In Store For SKP Bearing Industries Limited's (NSE:SKP) Shares After Tumbling 36%
Dec 24Financial Position Analysis
Short Term Liabilities: SKP's short term assets (₹357.6M) exceed its short term liabilities (₹139.7M).
Long Term Liabilities: SKP's short term assets (₹357.6M) exceed its long term liabilities (₹261.1M).
Debt to Equity History and Analysis
Debt Level: SKP's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: SKP's debt to equity ratio has increased from 1.2% to 50.2% over the past 5 years.
Debt Coverage: SKP's debt is well covered by operating cash flow (27.3%).
Interest Coverage: SKP's interest payments on its debt are well covered by EBIT (14.6x coverage).