Spice Islands Industries Balance Sheet Health
Financial Health criteria checks 0/6
Spice Islands Industries has a total shareholder equity of ₹-4.9M and total debt of ₹6.3M, which brings its debt-to-equity ratio to -127.3%. Its total assets and total liabilities are ₹16.4M and ₹21.3M respectively. Spice Islands Industries's EBIT is ₹142.6K making its interest coverage ratio 0.2. It has cash and short-term investments of ₹813.0K.
Key information
-127.3%
Debt to equity ratio
₹6.25m
Debt
Interest coverage ratio | 0.2x |
Cash | ₹813.00k |
Equity | -₹4.91m |
Total liabilities | ₹21.27m |
Total assets | ₹16.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526827 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 526827 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 526827 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 526827's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 526827's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526827's interest payments on its debt are not well covered by EBIT (0.2x coverage).