Soma Textiles & Industries Balance Sheet Health
Financial Health criteria checks 5/6
Soma Textiles & Industries has a total shareholder equity of ₹761.3M and total debt of ₹87.3M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are ₹869.7M and ₹108.4M respectively. Soma Textiles & Industries's EBIT is ₹5.6M making its interest coverage ratio -0.1. It has cash and short-term investments of ₹24.9M.
Key information
11.5%
Debt to equity ratio
₹87.30m
Debt
Interest coverage ratio | -0.05x |
Cash | ₹24.90m |
Equity | ₹761.30m |
Total liabilities | ₹108.40m |
Total assets | ₹869.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOMATEX's short term assets (₹53.7M) exceed its short term liabilities (₹19.1M).
Long Term Liabilities: SOMATEX's short term assets (₹53.7M) do not cover its long term liabilities (₹89.3M).
Debt to Equity History and Analysis
Debt Level: SOMATEX's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: SOMATEX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SOMATEX's debt is well covered by operating cash flow (1442.6%).
Interest Coverage: SOMATEX earns more interest than it pays, so coverage of interest payments is not a concern.