Shanti Spintex Balance Sheet Health
Financial Health criteria checks 4/6
Shanti Spintex has a total shareholder equity of ₹560.4M and total debt of ₹417.8M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are ₹1.8B and ₹1.2B respectively. Shanti Spintex's EBIT is ₹174.3M making its interest coverage ratio 5.3. It has cash and short-term investments of ₹48.5M.
Key information
74.5%
Debt to equity ratio
₹417.77m
Debt
Interest coverage ratio | 5.3x |
Cash | ₹48.47m |
Equity | ₹560.39m |
Total liabilities | ₹1.20b |
Total assets | ₹1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544059's short term assets (₹1.1B) exceed its short term liabilities (₹817.6M).
Long Term Liabilities: 544059's short term assets (₹1.1B) exceed its long term liabilities (₹380.9M).
Debt to Equity History and Analysis
Debt Level: 544059's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: Insufficient data to determine if 544059's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544059's debt is well covered by operating cash flow (38.2%).
Interest Coverage: 544059's interest payments on its debt are well covered by EBIT (5.3x coverage).