Sunlite Industries Balance Sheet Health
Financial Health criteria checks 4/6
Sunlite Industries has a total shareholder equity of ₹200.4M and total debt of ₹349.2M, which brings its debt-to-equity ratio to 174.2%. Its total assets and total liabilities are ₹632.1M and ₹431.7M respectively. Sunlite Industries's EBIT is ₹167.7M making its interest coverage ratio 3.9. It has cash and short-term investments of ₹734.0K.
Key information
174.2%
Debt to equity ratio
₹349.17m
Debt
| Interest coverage ratio | 3.9x |
| Cash | ₹734.00k |
| Equity | ₹200.39m |
| Total liabilities | ₹431.73m |
| Total assets | ₹632.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNLITE's short term assets (₹490.9M) exceed its short term liabilities (₹391.4M).
Long Term Liabilities: SUNLITE's short term assets (₹490.9M) exceed its long term liabilities (₹40.3M).
Debt to Equity History and Analysis
Debt Level: SUNLITE's net debt to equity ratio (173.9%) is considered high.
Reducing Debt: Insufficient data to determine if SUNLITE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SUNLITE's debt is well covered by operating cash flow (32.3%).
Interest Coverage: SUNLITE's interest payments on its debt are well covered by EBIT (3.9x coverage).