Sonam Balance Sheet Health
Financial Health criteria checks 5/6
Sonam has a total shareholder equity of ₹540.0M and total debt of ₹232.7M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are ₹870.7M and ₹330.7M respectively. Sonam's EBIT is ₹83.9M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹908.0K.
Key information
43.1%
Debt to equity ratio
₹232.70m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹908.00k |
| Equity | ₹539.96m |
| Total liabilities | ₹330.72m |
| Total assets | ₹870.68m |
Recent financial health updates
These 4 Measures Indicate That Sonam (NSE:SONAMLTD) Is Using Debt Reasonably Well
Jan 30
Sonam Clock (NSE:SONAMCLOCK) Takes On Some Risk With Its Use Of Debt
Aug 25Does Sonam Clock (NSE:SONAMCLOCK) Have A Healthy Balance Sheet?
Mar 21Is Sonam Clock (NSE:SONAMCLOCK) A Risky Investment?
Dec 15Recent updates
Market Participants Recognise Sonam Limited's (NSE:SONAMLTD) Earnings Pushing Shares 28% Higher
Jan 31These 4 Measures Indicate That Sonam (NSE:SONAMLTD) Is Using Debt Reasonably Well
Jan 30Sonam Clock (NSE:SONAMCLOCK) Takes On Some Risk With Its Use Of Debt
Aug 25Do Sonam Clock's (NSE:SONAMCLOCK) Earnings Warrant Your Attention?
May 18Does Sonam Clock (NSE:SONAMCLOCK) Have A Healthy Balance Sheet?
Mar 21Is Sonam Clock (NSE:SONAMCLOCK) A Risky Investment?
Dec 15Are Insiders Buying Sonam Clock Limited (NSE:SONAMCLOCK) Stock?
Mar 16Sonam Clock Limited's (NSE:SONAMCLOCK) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Nov 30
Financial Position Analysis
Short Term Liabilities: SONAMLTD's short term assets (₹342.9M) exceed its short term liabilities (₹243.4M).
Long Term Liabilities: SONAMLTD's short term assets (₹342.9M) exceed its long term liabilities (₹87.3M).
Debt to Equity History and Analysis
Debt Level: SONAMLTD's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: SONAMLTD's debt to equity ratio has reduced from 56% to 43.1% over the past 5 years.
Debt Coverage: SONAMLTD's debt is well covered by operating cash flow (38.1%).
Interest Coverage: SONAMLTD's interest payments on its debt are well covered by EBIT (3.1x coverage).