Somi Conveyor Beltings Balance Sheet Health
Financial Health criteria checks 6/6
Somi Conveyor Beltings has a total shareholder equity of ₹683.9M and total debt of ₹158.4M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are ₹1.0B and ₹353.3M respectively. Somi Conveyor Beltings's EBIT is ₹76.7M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹69.2M.
Key information
23.2%
Debt to equity ratio
₹158.44m
Debt
| Interest coverage ratio | 7.4x |
| Cash | ₹69.16m |
| Equity | ₹683.88m |
| Total liabilities | ₹353.26m |
| Total assets | ₹1.04b |
Recent financial health updates
Somi Conveyor Beltings (NSE:SOMICONVEY) Has A Rock Solid Balance Sheet
Mar 13
Somi Conveyor Beltings (NSE:SOMICONVEY) Could Easily Take On More Debt
Nov 12Somi Conveyor Beltings (NSE:SOMICONVEY) Seems To Use Debt Quite Sensibly
Jul 06Does Somi Conveyor Beltings (NSE:SOMICONVEY) Have A Healthy Balance Sheet?
Feb 24Somi Conveyor Beltings (NSE:SOMICONVEY) Has A Somewhat Strained Balance Sheet
Jun 17These 4 Measures Indicate That Somi Conveyor Beltings (NSE:SOMICONVEY) Is Using Debt Reasonably Well
Dec 18Recent updates
Somi Conveyor Beltings (NSE:SOMICONVEY) Has A Rock Solid Balance Sheet
Mar 13Investors Interested In Somi Conveyor Beltings Limited's (NSE:SOMICONVEY) Earnings
Jan 31If EPS Growth Is Important To You, Somi Conveyor Beltings (NSE:SOMICONVEY) Presents An Opportunity
Jan 04Somi Conveyor Beltings (NSE:SOMICONVEY) Could Easily Take On More Debt
Nov 12Should You Be Adding Somi Conveyor Beltings (NSE:SOMICONVEY) To Your Watchlist Today?
Aug 26Somi Conveyor Beltings (NSE:SOMICONVEY) Seems To Use Debt Quite Sensibly
Jul 06Does Somi Conveyor Beltings (NSE:SOMICONVEY) Have A Healthy Balance Sheet?
Feb 24Is Now The Time To Put Somi Conveyor Beltings (NSE:SOMICONVEY) On Your Watchlist?
Oct 08Somi Conveyor Beltings (NSE:SOMICONVEY) Has A Somewhat Strained Balance Sheet
Jun 17These 4 Measures Indicate That Somi Conveyor Beltings (NSE:SOMICONVEY) Is Using Debt Reasonably Well
Dec 18A Look At The Fair Value Of Somi Conveyor Beltings Limited (NSE:SOMICONVEY)
Oct 26Somi Conveyor Beltings (NSE:SOMICONVEY) Seems To Use Debt Quite Sensibly
Aug 06Here's Why I Think Somi Conveyor Beltings (NSE:SOMICONVEY) Might Deserve Your Attention Today
Jun 16Somi Conveyor Beltings (NSE:SOMICONVEY) Has A Pretty Healthy Balance Sheet
Mar 23Here's Why We Think Somi Conveyor Beltings (NSE:SOMICONVEY) Is Well Worth Watching
Feb 16We Think Somi Conveyor Beltings (NSE:SOMICONVEY) Is Taking Some Risk With Its Debt
Dec 23
Do Somi Conveyor Beltings's (NSE:SOMICONVEY) Earnings Warrant Your Attention?
Nov 18Positive Sentiment Still Eludes Somi Conveyor Beltings Limited (NSE:SOMICONVEY) Following 35% Share Price Slump
Sep 23Market Still Lacking Some Conviction On Somi Conveyor Beltings Limited (NSE:SOMICONVEY)
Aug 20If You Like EPS Growth Then Check Out Somi Conveyor Beltings (NSE:SOMICONVEY) Before It's Too Late
Aug 20Somi Conveyor Beltings Limited's (NSE:SOMICONVEY) Share Price Matching Investor Opinion
Jul 09Financial Position Analysis
Short Term Liabilities: SOMICONVEY's short term assets (₹731.6M) exceed its short term liabilities (₹335.0M).
Long Term Liabilities: SOMICONVEY's short term assets (₹731.6M) exceed its long term liabilities (₹18.3M).
Debt to Equity History and Analysis
Debt Level: SOMICONVEY's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: SOMICONVEY's debt to equity ratio has reduced from 38% to 23.2% over the past 5 years.
Debt Coverage: SOMICONVEY's debt is well covered by operating cash flow (53.4%).
Interest Coverage: SOMICONVEY's interest payments on its debt are well covered by EBIT (7.4x coverage).