Suryaamba Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Suryaamba Spinning Mills has a total shareholder equity of ₹612.1M and total debt of ₹429.8M, which brings its debt-to-equity ratio to 70.2%. Its total assets and total liabilities are ₹1.3B and ₹732.9M respectively. Suryaamba Spinning Mills's EBIT is ₹74.8M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹2.3M.
Key information
70.2%
Debt to equity ratio
₹429.83m
Debt
Interest coverage ratio | 1.3x |
Cash | ₹2.33m |
Equity | ₹612.12m |
Total liabilities | ₹732.92m |
Total assets | ₹1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533101's short term assets (₹491.1M) exceed its short term liabilities (₹353.9M).
Long Term Liabilities: 533101's short term assets (₹491.1M) exceed its long term liabilities (₹379.0M).
Debt to Equity History and Analysis
Debt Level: 533101's net debt to equity ratio (69.8%) is considered high.
Reducing Debt: 533101's debt to equity ratio has reduced from 158.9% to 70.2% over the past 5 years.
Debt Coverage: 533101's debt is well covered by operating cash flow (33%).
Interest Coverage: 533101's interest payments on its debt are not well covered by EBIT (1.3x coverage).