Sunlite Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sunlite Industries has a total shareholder equity of ₹528.1M and total debt of ₹194.1M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are ₹925.5M and ₹397.4M respectively. Sunlite Industries's EBIT is ₹198.7M making its interest coverage ratio 5.7. It has cash and short-term investments of ₹30.7M.
Key information
36.7%
Debt to equity ratio
₹194.05m
Debt
| Interest coverage ratio | 5.7x |
| Cash | ₹30.66m |
| Equity | ₹528.13m |
| Total liabilities | ₹397.40m |
| Total assets | ₹925.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNLITE's short term assets (₹832.5M) exceed its short term liabilities (₹305.4M).
Long Term Liabilities: SUNLITE's short term assets (₹832.5M) exceed its long term liabilities (₹92.0M).
Debt to Equity History and Analysis
Debt Level: SUNLITE's net debt to equity ratio (30.9%) is considered satisfactory.
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 (58.2%).
Interest Coverage: SUNLITE's interest payments on its debt are well covered by EBIT (5.7x coverage).