Suryalata Spinning Mills Balance Sheet Health
Financial Health criteria checks 5/6
Suryalata Spinning Mills has a total shareholder equity of ₹2.4B and total debt of ₹963.8M, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are ₹3.8B and ₹1.5B respectively. Suryalata Spinning Mills's EBIT is ₹335.8M making its interest coverage ratio 8. It has cash and short-term investments of ₹54.1M.
Key information
40.4%
Debt to equity ratio
₹963.80m
Debt
Interest coverage ratio | 8x |
Cash | ₹54.10m |
Equity | ₹2.38b |
Total liabilities | ₹1.46b |
Total assets | ₹3.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514138's short term assets (₹689.7M) exceed its short term liabilities (₹568.6M).
Long Term Liabilities: 514138's short term assets (₹689.7M) do not cover its long term liabilities (₹893.4M).
Debt to Equity History and Analysis
Debt Level: 514138's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: 514138's debt to equity ratio has reduced from 103.1% to 40.4% over the past 5 years.
Debt Coverage: 514138's debt is well covered by operating cash flow (67.1%).
Interest Coverage: 514138's interest payments on its debt are well covered by EBIT (8x coverage).