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
These 4 Measures Indicate That Salona Cotspin (NSE:SALONA) Is Using Debt Extensively
Jun 10
Is Salona Cotspin (NSE:SALONA) A Risky Investment?
Jun 18Here's Why Salona Cotspin (NSE:SALONA) Has A Meaningful Debt Burden
Jul 06Is Salona Cotspin (NSE:SALONA) Using Too Much Debt?
Feb 16Does Salona Cotspin (NSE:SALONA) Have A Healthy Balance Sheet?
Nov 18
Is Salona Cotspin (NSE:SALONA) Using Too Much Debt?
Aug 19Recent updates
Salona Cotspin (NSE:SALONA) Has Some Way To Go To Become A Multi-Bagger
Feb 08Salona Cotspin (NSE:SALONA) Is Paying Out A Dividend Of ₹1.20
Sep 12These 4 Measures Indicate That Salona Cotspin (NSE:SALONA) Is Using Debt Extensively
Jun 10Returns on Capital Paint A Bright Future For Salona Cotspin (NSE:SALONA)
Dec 23Do Salona Cotspin's (NSE:SALONA) Earnings Warrant Your Attention?
Oct 18Salona Cotspin (NSE:SALONA) Is Achieving High Returns On Its Capital
Jul 22Is Salona Cotspin (NSE:SALONA) A Risky Investment?
Jun 18With EPS Growth And More, Salona Cotspin (NSE:SALONA) Is Interesting
Feb 21We Think That There Are Issues Underlying Salona Cotspin's (NSE:SALONA) Earnings
Nov 20Should You Be Adding Salona Cotspin (NSE:SALONA) To Your Watchlist Today?
Jul 30Here's Why Salona Cotspin (NSE:SALONA) Has A Meaningful Debt Burden
Jul 06How Much Are Salona Cotspin Limited (NSE:SALONA) Insiders Spending On Buying Shares?
Mar 16Is Salona Cotspin (NSE:SALONA) Using Too Much Debt?
Feb 16Salona Cotspin Limited (NSE:SALONA) Has A ROE Of 5.0%
Jan 21Have Insiders Been Buying Salona Cotspin Limited (NSE:SALONA) Shares This Year?
Dec 15Does Salona Cotspin (NSE:SALONA) Have A Healthy Balance Sheet?
Nov 18Should You Be Concerned About Salona Cotspin Limited's (NSE:SALONA) ROE?
Oct 23The Additional Director of Salona Cotspin Limited (NSE:SALONA), Arun Jhajharia, Just Bought 9.7% More Shares
Sep 16Is Salona Cotspin (NSE:SALONA) Using Too Much Debt?
Aug 19Should Salona Cotspin Limited (NSE:SALONA) Focus On Improving This Fundamental Metric?
Jul 22Should You Buy Salona Cotspin Limited (NSE:SALONA) For Its 1.1% Dividend?
Jun 26Financial Position Analysis
Short Term Liabilities: SALONA's short term assets (₹2.2B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: SALONA's short term assets (₹2.2B) exceed its long term liabilities (₹490.2M).
Debt to Equity History and Analysis
Debt Level: SALONA's net debt to equity ratio (246.1%) is considered high.
Reducing Debt: SALONA's debt to equity ratio has increased from 100.2% to 247.5% over the past 5 years.
Debt Coverage: SALONA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SALONA's interest payments on its debt are not well covered by EBIT (1.4x coverage).