Suryalata Spinning Mills Balance Sheet Health
Financial Health criteria checks 5/6
Suryalata Spinning Mills has a total shareholder equity of ₹2.5B and total debt of ₹814.8M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ₹3.8B and ₹1.3B respectively. Suryalata Spinning Mills's EBIT is ₹230.0M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹3.6M.
Key information
32.5%
Debt to equity ratio
₹814.80m
Debt
| Interest coverage ratio | 3.4x |
| Cash | ₹3.60m |
| Equity | ₹2.51b |
| Total liabilities | ₹1.30b |
| Total assets | ₹3.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514138's short term assets (₹603.0M) exceed its short term liabilities (₹561.4M).
Long Term Liabilities: 514138's short term assets (₹603.0M) do not cover its long term liabilities (₹739.7M).
Debt to Equity History and Analysis
Debt Level: 514138's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: 514138's debt to equity ratio has reduced from 90.6% to 32.5% over the past 5 years.
Debt Coverage: 514138's debt is well covered by operating cash flow (52.8%).
Interest Coverage: 514138's interest payments on its debt are well covered by EBIT (3.4x coverage).