S.P. Apparels Balance Sheet Health
Financial Health criteria checks 6/6
S.P. Apparels has a total shareholder equity of ₹7.9B and total debt of ₹3.0B, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are ₹13.8B and ₹5.9B respectively. S.P. Apparels's EBIT is ₹1.3B making its interest coverage ratio 8.4. It has cash and short-term investments of ₹594.1M.
Key information
37.9%
Debt to equity ratio
₹3.00b
Debt
| Interest coverage ratio | 8.4x |
| Cash | ₹594.10m |
| Equity | ₹7.92b |
| Total liabilities | ₹5.86b |
| Total assets | ₹13.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540048's short term assets (₹6.9B) exceed its short term liabilities (₹4.7B).
Long Term Liabilities: 540048's short term assets (₹6.9B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 540048's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: 540048's debt to equity ratio has reduced from 41.6% to 37.9% over the past 5 years.
Debt Coverage: 540048's debt is well covered by operating cash flow (50.7%).
Interest Coverage: 540048's interest payments on its debt are well covered by EBIT (8.4x coverage).