Super Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Super Spinning Mills has a total shareholder equity of ₹711.3M and total debt of ₹199.3M, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are ₹1.1B and ₹369.5M respectively. Super Spinning Mills's EBIT is ₹49.4M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹39.9M.
Key information
28.0%
Debt to equity ratio
₹199.34m
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹39.86m |
| Equity | ₹711.30m |
| Total liabilities | ₹369.54m |
| Total assets | ₹1.08b |
Recent financial health updates
Health Check: How Prudently Does Super Spinning Mills (NSE:SUPERSPIN) Use Debt?
Jan 03
Is Super Spinning Mills (NSE:SUPERSPIN) Using Too Much Debt?
Aug 24Super Spinning Mills (NSE:SUPERSPIN) Has Debt But No Earnings; Should You Worry?
Mar 21These 4 Measures Indicate That Super Spinning Mills (NSE:SUPERSPIN) Is Using Debt Extensively
Aug 27Here's Why Super Spinning Mills (NSE:SUPERSPIN) Has A Meaningful Debt Burden
Mar 31Does Super Spinning Mills (NSE:SUPERSPIN) Have A Healthy Balance Sheet?
Nov 17Recent updates
Calculating The Fair Value Of Super Spinning Mills Limited (NSE:SUPERSPIN)
Oct 09Health Check: How Prudently Does Super Spinning Mills (NSE:SUPERSPIN) Use Debt?
Jan 03Is Super Spinning Mills (NSE:SUPERSPIN) Using Too Much Debt?
Aug 24Super Spinning Mills (NSE:SUPERSPIN) Has Debt But No Earnings; Should You Worry?
Mar 21These 4 Measures Indicate That Super Spinning Mills (NSE:SUPERSPIN) Is Using Debt Extensively
Aug 27Super Spinning Mills (NSE:SUPERSPIN) Is Doing The Right Things To Multiply Its Share Price
Jun 20Here's Why Super Spinning Mills (NSE:SUPERSPIN) Has A Meaningful Debt Burden
Mar 31Returns At Super Spinning Mills (NSE:SUPERSPIN) Are On The Way Up
Jan 09Does Super Spinning Mills (NSE:SUPERSPIN) Have A Healthy Balance Sheet?
Nov 17Super Spinning Mills (NSE:SUPERSPIN) Shareholders Will Want The ROCE Trajectory To Continue
Aug 31Is Super Spinning Mills (NSE:SUPERSPIN) Using Debt In A Risky Way?
Jul 06Is Super Spinning Mills (NSE:SUPERSPIN) Using Debt Sensibly?
Mar 23Is Super Spinning Mills (NSE:SUPERSPIN) Weighed On By Its Debt Load?
Dec 08Is Super Spinning Mills (NSE:SUPERSPIN) Using Debt In A Risky Way?
Aug 26
Financial Position Analysis
Short Term Liabilities: SUPERSPIN's short term assets (₹99.5M) do not cover its short term liabilities (₹212.1M).
Long Term Liabilities: SUPERSPIN's short term assets (₹99.5M) do not cover its long term liabilities (₹157.5M).
Debt to Equity History and Analysis
Debt Level: SUPERSPIN's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: SUPERSPIN's debt to equity ratio has reduced from 37% to 28% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SUPERSPIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SUPERSPIN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.5% per year.