Salona Cotspin Balance Sheet Health
Financial Health criteria checks 3/6
Salona Cotspin has a total shareholder equity of ₹842.3M and total debt of ₹2.2B, which brings its debt-to-equity ratio to 266%. Its total assets and total liabilities are ₹3.4B and ₹2.6B respectively. Salona Cotspin's EBIT is ₹239.5M making its interest coverage ratio 1.5. It has cash and short-term investments of ₹24.1M.
Key information
266.0%
Debt to equity ratio
₹2.24b
Debt
Interest coverage ratio | 1.5x |
Cash | ₹24.06m |
Equity | ₹842.33m |
Total liabilities | ₹2.57b |
Total assets | ₹3.41b |
Recent financial health updates
These 4 Measures Indicate That Salona Cotspin (NSE:SALONA) Is Using Debt Extensively
Jun 10Is 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 18Is Salona Cotspin (NSE:SALONA) Using Too Much Debt?
Aug 19Recent updates
Salona Cotspin Limited (NSE:SALONA) Screens Well But There Might Be A Catch
May 11Salona 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 (₹835.8M).
Debt to Equity History and Analysis
Debt Level: SALONA's net debt to equity ratio (263.1%) is considered high.
Reducing Debt: SALONA's debt to equity ratio has increased from 104% to 266% over the past 5 years.
Debt Coverage: SALONA's debt is well covered by operating cash flow (21.8%).
Interest Coverage: SALONA's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/24 13:01 |
End of Day Share Price | 2024/12/24 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Salona Cotspin Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Vijay Madunala | FirstCall Research |