Salona Cotspin Balance Sheet Health
Financial Health criteria checks 2/6
Salona Cotspin has a total shareholder equity of ₹773.3M and total debt of ₹1.9B, which brings its debt-to-equity ratio to 247.5%. Its total assets and total liabilities are ₹3.0B and ₹2.2B respectively. Salona Cotspin's EBIT is ₹230.8M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹11.0M.
Key information
247.5%
Debt to equity ratio
₹1.91b
Debt
Interest coverage ratio | 1.4x |
Cash | ₹11.02m |
Equity | ₹773.33m |
Total liabilities | ₹2.20b |
Total assets | ₹2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590056's short term assets (₹2.2B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 590056's short term assets (₹2.2B) exceed its long term liabilities (₹490.2M).
Debt to Equity History and Analysis
Debt Level: 590056's net debt to equity ratio (246.1%) is considered high.
Reducing Debt: 590056's debt to equity ratio has increased from 100.2% to 247.5% over the past 5 years.
Debt Coverage: 590056's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 590056's interest payments on its debt are not well covered by EBIT (1.4x coverage).