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 ₹8.8B, which brings its debt-to-equity ratio to 97%. Its total assets and total liabilities are ₹19.6B and ₹10.6B respectively. Sportking India's EBIT is ₹1.6B making its interest coverage ratio 2.5. It has cash and short-term investments of ₹14.6M.
Key information
97.0%
Debt to equity ratio
₹8.75b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹14.56m |
| Equity | ₹9.02b |
| Total liabilities | ₹10.61b |
| Total assets | ₹19.63b |
Recent financial health updates
Recent updates
Sportking India Limited's (NSE:SPORTKING) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Sep 13
Is Sportking India (NSE:SPORTKING) Using Too Much Debt?
Aug 24Sportking India Limited (NSE:SPORTKING) Shares Fly 30% But Investors Aren't Buying For Growth
Jul 18Some Investors May Be Worried About Sportking India's (NSE:SPORTKING) Returns On Capital
Jul 17Weak Statutory Earnings May Not Tell The Whole Story For Sportking India (NSE:SPORTKING)
May 05Capital Allocation Trends At Sportking India (NSE:SPORTKING) Aren't Ideal
Oct 26Sportking India's (NSE:SPORTKING) Soft Earnings Don't Show The Whole Picture
May 06Sportking India Limited (NSE:SPORTKING) Doing What It Can To Lift Shares
Aug 31Financial 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 186.7% to 97% 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 (2.5x coverage).