Sky Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sky Industries has a total shareholder equity of ₹375.2M and total debt of ₹161.2M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are ₹631.4M and ₹256.2M respectively. Sky Industries's EBIT is ₹51.5M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹73.2M.
Key information
43.0%
Debt to equity ratio
₹161.19m
Debt
Interest coverage ratio | 3.7x |
Cash | ₹73.18m |
Equity | ₹375.23m |
Total liabilities | ₹256.22m |
Total assets | ₹631.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526479's short term assets (₹467.9M) exceed its short term liabilities (₹233.3M).
Long Term Liabilities: 526479's short term assets (₹467.9M) exceed its long term liabilities (₹23.0M).
Debt to Equity History and Analysis
Debt Level: 526479's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: 526479's debt to equity ratio has reduced from 44.1% to 43% over the past 5 years.
Debt Coverage: 526479's debt is well covered by operating cash flow (35.9%).
Interest Coverage: 526479's interest payments on its debt are well covered by EBIT (3.7x coverage).