Sukhjit Starch & Chemicals Balance Sheet Health
Financial Health criteria checks 4/6
Sukhjit Starch & Chemicals has a total shareholder equity of ₹5.0B and total debt of ₹3.2B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are ₹10.2B and ₹5.2B respectively. Sukhjit Starch & Chemicals's EBIT is ₹965.8M making its interest coverage ratio 3. It has cash and short-term investments of ₹953.4M.
Key information
64.6%
Debt to equity ratio
₹3.24b
Debt
Interest coverage ratio | 3x |
Cash | ₹953.44m |
Equity | ₹5.03b |
Total liabilities | ₹5.19b |
Total assets | ₹10.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524542's short term assets (₹4.4B) exceed its short term liabilities (₹3.3B).
Long Term Liabilities: 524542's short term assets (₹4.4B) exceed its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: 524542's net debt to equity ratio (45.6%) is considered high.
Reducing Debt: 524542's debt to equity ratio has reduced from 65.8% to 64.6% over the past 5 years.
Debt Coverage: 524542's debt is well covered by operating cash flow (24%).
Interest Coverage: 524542's interest payments on its debt are not well covered by EBIT (3x coverage).