Sovereign Diamonds Balance Sheet Health
Financial Health criteria checks 3/6
Sovereign Diamonds has a total shareholder equity of ₹160.9M and total debt of ₹119.9M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are ₹321.3M and ₹160.4M respectively. Sovereign Diamonds's EBIT is ₹31.9M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹255.0K.
Key information
74.5%
Debt to equity ratio
₹119.87m
Debt
Interest coverage ratio | 2.5x |
Cash | ₹255.00k |
Equity | ₹160.90m |
Total liabilities | ₹160.42m |
Total assets | ₹321.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523826's short term assets (₹278.1M) exceed its short term liabilities (₹150.6M).
Long Term Liabilities: 523826's short term assets (₹278.1M) exceed its long term liabilities (₹9.8M).
Debt to Equity History and Analysis
Debt Level: 523826's net debt to equity ratio (74.3%) is considered high.
Reducing Debt: 523826's debt to equity ratio has reduced from 88.7% to 74.5% over the past 5 years.
Debt Coverage: 523826's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 523826's interest payments on its debt are not well covered by EBIT (2.5x coverage).