Spectrum Electrical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Spectrum Electrical Industries has a total shareholder equity of ₹1.7B and total debt of ₹887.4M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are ₹3.2B and ₹1.5B respectively. Spectrum Electrical Industries's EBIT is ₹362.4M making its interest coverage ratio 4.1. It has cash and short-term investments of ₹464.8M.
Key information
52.3%
Debt to equity ratio
₹887.42m
Debt
| Interest coverage ratio | 4.1x |
| Cash | ₹464.84m |
| Equity | ₹1.70b |
| Total liabilities | ₹1.48b |
| Total assets | ₹3.17b |
Recent financial health updates
No updates
Recent updates
What Spectrum Electrical Industries Limited's (NSE:SPECTRUM) 37% Share Price Gain Is Not Telling You
May 23
Spectrum 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 (₹2.1B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: SPECTRUM's short term assets (₹2.1B) exceed its long term liabilities (₹206.5M).
Debt to Equity History and Analysis
Debt Level: SPECTRUM's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: SPECTRUM's debt to equity ratio has reduced from 69.3% to 52.3% 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 (4.1x coverage).