Somany Ceramics Balance Sheet Health
Financial Health criteria checks 5/6
Somany Ceramics has a total shareholder equity of ₹8.5B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are ₹19.5B and ₹11.0B respectively. Somany Ceramics's EBIT is ₹1.7B making its interest coverage ratio 4.5. It has cash and short-term investments of ₹644.0M.
Key information
38.6%
Debt to equity ratio
₹3.30b
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₹644.00m |
| Equity | ₹8.55b |
| Total liabilities | ₹10.99b |
| Total assets | ₹19.54b |
Recent financial health updates
These 4 Measures Indicate That Somany Ceramics (NSE:SOMANYCERA) Is Using Debt Extensively
Aug 12
Somany Ceramics (NSE:SOMANYCERA) Has A Rock Solid Balance Sheet
Feb 25We Think Somany Ceramics (NSE:SOMANYCERA) Can Manage Its Debt With Ease
Aug 30Does Somany Ceramics (NSE:SOMANYCERA) Have A Healthy Balance Sheet?
Dec 17
Does Somany Ceramics (NSE:SOMANYCERA) Have A Healthy Balance Sheet?
Sep 10Recent updates
Earnings Miss: Somany Ceramics Limited Missed EPS By 21% And Analysts Are Revising Their Forecasts
Nov 01Somany Ceramics Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 04We Think Somany Ceramics' (NSE:SOMANYCERA) Profit Is Only A Baseline For What They Can Achieve
May 23Market Might Still Lack Some Conviction On Somany Ceramics Limited (NSE:SOMANYCERA) Even After 28% Share Price Boost
May 21These 4 Measures Indicate That Somany Ceramics (NSE:SOMANYCERA) Is Using Debt Extensively
Aug 12Is It Too Late To Consider Buying Somany Ceramics Limited (NSE:SOMANYCERA)?
May 20Shareholders May Be More Conservative With Somany Ceramics Limited's (NSE:SOMANYCERA) CEO Compensation For Now
Sep 17Somany Ceramics (NSE:SOMANYCERA) Has A Rock Solid Balance Sheet
Feb 25We Think The Compensation For Somany Ceramics Limited's (NSE:SOMANYCERA) CEO Looks About Right
Sep 08We Think Somany Ceramics (NSE:SOMANYCERA) Can Manage Its Debt With Ease
Aug 30Somany Ceramics' (NSE:SOMANYCERA) Robust Earnings Are Supported By Other Strong Factors
Jun 23Is It Too Late To Consider Buying Somany Ceramics Limited (NSE:SOMANYCERA)?
May 12Is It Worth Considering Somany Ceramics Limited (NSE:SOMANYCERA) For Its Upcoming Dividend?
Mar 19Who Has Been Buying Somany Ceramics Limited (NSE:SOMANYCERA) Shares?
Mar 07The Somany Ceramics (NSE:SOMANYCERA) Share Price Is Up 108% And Shareholders Are Boasting About It
Feb 19Is Somany Ceramics Limited (NSE:SOMANYCERA) Popular Amongst Insiders?
Jan 25Our Take On The Returns On Capital At Somany Ceramics (NSE:SOMANYCERA)
Jan 04Does Somany Ceramics (NSE:SOMANYCERA) Have A Healthy Balance Sheet?
Dec 17Here's How We Evaluate Somany Ceramics Limited's (NSE:SOMANYCERA) Dividend
Nov 30A Look At Somany Ceramics' (NSE:SOMANYCERA) Share Price Returns
Nov 11How Many Somany Ceramics Limited (NSE:SOMANYCERA) Shares Did Insiders Buy, In The Last Year?
Oct 21Should We Be Excited About The Trends Of Returns At Somany Ceramics (NSE:SOMANYCERA)?
Oct 01Does Somany Ceramics (NSE:SOMANYCERA) Have A Healthy Balance Sheet?
Sep 10Financial Position Analysis
Short Term Liabilities: SOMANYCERA's short term assets (₹7.9B) do not cover its short term liabilities (₹8.0B).
Long Term Liabilities: SOMANYCERA's short term assets (₹7.9B) exceed its long term liabilities (₹3.0B).
Debt to Equity History and Analysis
Debt Level: SOMANYCERA's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: SOMANYCERA's debt to equity ratio has reduced from 80.5% to 38.6% over the past 5 years.
Debt Coverage: SOMANYCERA's debt is well covered by operating cash flow (65.2%).
Interest Coverage: SOMANYCERA's interest payments on its debt are well covered by EBIT (4.5x coverage).