Summit Securities Balance Sheet Health
Financial Health criteria checks 5/6
Summit Securities has a total shareholder equity of ₹78.1B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹87.0B and ₹8.9B respectively. Summit Securities's EBIT is ₹858.2M making its interest coverage ratio -923.8. It has cash and short-term investments of ₹197.4M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | -923.8x |
| Cash | ₹197.38m |
| Equity | ₹78.08b |
| Total liabilities | ₹8.92b |
| Total assets | ₹87.01b |
Recent financial health updates
No updates
Recent updates
The Market Doesn't Like What It Sees From Summit Securities Limited's (NSE:SUMMITSEC) Earnings Yet
Feb 14
Summit Securities Limited (NSE:SUMMITSEC) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 10If You Had Bought Summit Securities (NSE:SUMMITSEC) Stock Five Years Ago, You Could Pocket A 59% Gain Today
Dec 15Introducing Summit Securities (NSE:SUMMITSEC), A Stock That Climbed 46% In The Last Five Years
Sep 01Financial Position Analysis
Short Term Liabilities: SUMMITSEC's short term assets (₹222.2M) exceed its short term liabilities (₹57.2M).
Long Term Liabilities: SUMMITSEC's short term assets (₹222.2M) do not cover its long term liabilities (₹8.9B).
Debt to Equity History and Analysis
Debt Level: SUMMITSEC is debt free.
Reducing Debt: SUMMITSEC has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.
Debt Coverage: SUMMITSEC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SUMMITSEC has no debt, therefore coverage of interest payments is not a concern.