Sportking India Balance Sheet Health
Financial Health criteria checks 3/6
Sportking India has a total shareholder equity of ₹9.0B and total debt of ₹8.7B, which brings its debt-to-equity ratio to 96.9%. Its total assets and total liabilities are ₹19.6B and ₹10.6B respectively. Sportking India's EBIT is ₹1.4B making its interest coverage ratio 2.3. It has cash and short-term investments of ₹14.6M.
Key information
96.9%
Debt to equity ratio
₹8.75b
Debt
Interest coverage ratio | 2.3x |
Cash | ₹14.56m |
Equity | ₹9.02b |
Total liabilities | ₹10.61b |
Total assets | ₹19.63b |
Financial Position Analysis
Short Term Liabilities: SPORTKING's short term assets (₹11.5B) exceed its short term liabilities (₹6.2B).
Long Term Liabilities: SPORTKING's short term assets (₹11.5B) exceed its long term liabilities (₹4.4B).
Debt to Equity History and Analysis
Debt Level: SPORTKING's net debt to equity ratio (96.8%) is considered high.
Reducing Debt: SPORTKING's debt to equity ratio has reduced from 210.2% to 96.9% over the past 5 years.
Debt Coverage: SPORTKING's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SPORTKING's interest payments on its debt are not well covered by EBIT (2.3x coverage).