Spectrum Foods Balance Sheet Health
Financial Health criteria checks 5/6
Spectrum Foods has a total shareholder equity of ₹61.0M and total debt of ₹10.7M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are ₹154.1M and ₹93.0M respectively. Spectrum Foods's EBIT is ₹26.4M making its interest coverage ratio 38.4. It has cash and short-term investments of ₹1.0M.
Key information
17.5%
Debt to equity ratio
₹10.65m
Debt
Interest coverage ratio | 38.4x |
Cash | ₹1.04m |
Equity | ₹61.05m |
Total liabilities | ₹93.03m |
Total assets | ₹154.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531982's short term assets (₹54.1M) do not cover its short term liabilities (₹68.2M).
Long Term Liabilities: 531982's short term assets (₹54.1M) exceed its long term liabilities (₹24.8M).
Debt to Equity History and Analysis
Debt Level: 531982's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 531982's debt to equity ratio has reduced from 903.5% to 17.5% over the past 5 years.
Debt Coverage: 531982's debt is well covered by operating cash flow (818.5%).
Interest Coverage: 531982's interest payments on its debt are well covered by EBIT (38.4x coverage).