Spectrum Electrical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Spectrum Electrical Industries has a total shareholder equity of ₹1.8B and total debt of ₹921.3M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are ₹3.3B and ₹1.5B respectively. Spectrum Electrical Industries's EBIT is ₹398.5M making its interest coverage ratio 4. It has cash and short-term investments of ₹281.8M.
Key information
51.4%
Debt to equity ratio
₹921.35m
Debt
| Interest coverage ratio | 4x |
| Cash | ₹281.84m |
| Equity | ₹1.79b |
| Total liabilities | ₹1.46b |
| Total assets | ₹3.25b |
Recent financial health updates
Recent updates
Spectrum Electrical Industries' (NSE:SPECTRUM) Promising Earnings May Rest On Soft Foundations
Nov 20
Returns On Capital Are A Standout For Spectrum Electrical Industries (NSE:SPECTRUM)
Nov 15Spectrum Electrical Industries Limited's (NSE:SPECTRUM) Shares May Have Run Too Fast Too Soon
Aug 23Here's Why Spectrum Electrical Industries (NSE:SPECTRUM) Has Caught The Eye Of Investors
Jun 28Is Spectrum Electrical Industries (NSE:SPECTRUM) Using Too Much Debt?
Jun 10What Spectrum Electrical Industries Limited's (NSE:SPECTRUM) 37% Share Price Gain Is Not Telling You
May 23Spectrum Electrical Industries (NSE:SPECTRUM) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 21Investors Met With Slowing Returns on Capital At Spectrum Electrical Industries (NSE:SPECTRUM)
May 04Do Spectrum Electrical Industries' (NSE:SPECTRUM) Earnings Warrant Your Attention?
Mar 27Spectrum Electrical Industries Limited's (NSE:SPECTRUM) 31% Price Boost Is Out Of Tune With Revenues
Feb 06Optimistic Investors Push Spectrum Electrical Industries Limited (NSE:SPECTRUM) Shares Up 27% But Growth Is Lacking
Dec 18Do Spectrum Electrical Industries' (NSE:SPECTRUM) Earnings Warrant Your Attention?
Nov 02Should You Be Adding Spectrum Electrical Industries (NSE:SPECTRUM) To Your Watchlist Today?
Jul 28Spectrum Electrical Industries' (NSE:SPECTRUM) Returns On Capital Not Reflecting Well On The Business
Feb 09We Ran A Stock Scan For Earnings Growth And Spectrum Electrical Industries (NSE:SPECTRUM) Passed With Ease
Aug 31Here's Why I Think Spectrum Electrical Industries (NSE:SPECTRUM) Might Deserve Your Attention Today
Apr 08Returns On Capital Are Showing Encouraging Signs At Spectrum Electrical Industries (NSE:SPECTRUM)
Feb 02Investors Don't See Light At End Of Spectrum Electrical Industries Limited's (NSE:SPECTRUM) Tunnel
Sep 29What Can The Trends At Spectrum Electrical Industries (NSE:SPECTRUM) Tell Us About Their Returns?
Mar 10Financial Position Analysis
Short Term Liabilities: SPECTRUM's short term assets (₹2.0B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: SPECTRUM's short term assets (₹2.0B) exceed its long term liabilities (₹219.3M).
Debt to Equity History and Analysis
Debt Level: SPECTRUM's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: SPECTRUM's debt to equity ratio has reduced from 79.7% to 51.4% over the past 5 years.
Debt Coverage: SPECTRUM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SPECTRUM's interest payments on its debt are well covered by EBIT (4x coverage).