Salona Cotspin Balance Sheet Health
Financial Health criteria checks 2/6
Salona Cotspin has a total shareholder equity of ₹797.7M and total debt of ₹2.6B, which brings its debt-to-equity ratio to 321.9%. Its total assets and total liabilities are ₹3.6B and ₹2.8B respectively. Salona Cotspin's EBIT is ₹253.2M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹11.5M.
Key information
321.9%
Debt to equity ratio
₹2.57b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ₹11.52m |
| Equity | ₹797.68m |
| Total liabilities | ₹2.84b |
| Total assets | ₹3.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590056's short term assets (₹2.5B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 590056's short term assets (₹2.5B) exceed its long term liabilities (₹839.6M).
Debt to Equity History and Analysis
Debt Level: 590056's net debt to equity ratio (320.5%) is considered high.
Reducing Debt: 590056's debt to equity ratio has increased from 152.5% to 321.9% 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 (1.5x coverage).