Suryaamba Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Suryaamba Spinning Mills has a total shareholder equity of ₹608.0M and total debt of ₹349.1M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are ₹1.2B and ₹584.0M respectively. Suryaamba Spinning Mills's EBIT is ₹57.9M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹5.1M.
Key information
57.4%
Debt to equity ratio
₹349.08m
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₹5.14m |
| Equity | ₹607.97m |
| Total liabilities | ₹584.00m |
| Total assets | ₹1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533101's short term assets (₹361.6M) exceed its short term liabilities (₹234.3M).
Long Term Liabilities: 533101's short term assets (₹361.6M) exceed its long term liabilities (₹349.7M).
Debt to Equity History and Analysis
Debt Level: 533101's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 533101's debt to equity ratio has reduced from 108.3% to 57.4% over the past 5 years.
Debt Coverage: 533101's debt is well covered by operating cash flow (43%).
Interest Coverage: 533101's interest payments on its debt are not well covered by EBIT (1.2x coverage).