Swasti Vinayaka Synthetics Balance Sheet Health
Financial Health criteria checks 4/6
Swasti Vinayaka Synthetics has a total shareholder equity of ₹197.3M and total debt of ₹57.7M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ₹376.5M and ₹179.2M respectively. Swasti Vinayaka Synthetics's EBIT is ₹32.6M making its interest coverage ratio 7.3. It has cash and short-term investments of ₹5.2M.
Key information
29.3%
Debt to equity ratio
₹57.73m
Debt
Interest coverage ratio | 7.3x |
Cash | ₹5.16m |
Equity | ₹197.27m |
Total liabilities | ₹179.19m |
Total assets | ₹376.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 510245's short term assets (₹295.7M) exceed its short term liabilities (₹83.1M).
Long Term Liabilities: 510245's short term assets (₹295.7M) exceed its long term liabilities (₹96.1M).
Debt to Equity History and Analysis
Debt Level: 510245's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 510245's debt to equity ratio has increased from 5.7% to 29.3% over the past 5 years.
Debt Coverage: 510245's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 510245's interest payments on its debt are well covered by EBIT (7.3x coverage).