Sainik Finance & Industries Balance Sheet Health
Financial Health criteria checks 3/6
Sainik Finance & Industries has a total shareholder equity of ₹401.7M and total debt of ₹923.1M, which brings its debt-to-equity ratio to 229.8%. Its total assets and total liabilities are ₹1.4B and ₹1.0B respectively.
Key information
229.8%
Debt to equity ratio
₹923.11m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹56.86m |
| Equity | ₹401.73m |
| Total liabilities | ₹1.03b |
| Total assets | ₹1.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530265's short term assets (₹1.4B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 530265's short term assets (₹1.4B) exceed its long term liabilities (₹5.1M).
Debt to Equity History and Analysis
Debt Level: 530265's net debt to equity ratio (215.6%) is considered high.
Reducing Debt: 530265's debt to equity ratio has reduced from 398.3% to 229.8% over the past 5 years.
Debt Coverage: 530265's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: Insufficient data to determine if 530265's interest payments on its debt are well covered by EBIT.