Sharat Industries Balance Sheet Health
Financial Health criteria checks 2/6
Sharat Industries has a total shareholder equity of ₹839.3M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 119.8%. Its total assets and total liabilities are ₹2.0B and ₹1.2B respectively. Sharat Industries's EBIT is ₹180.1M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹50.5M.
Key information
119.8%
Debt to equity ratio
₹1.01b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹50.48m |
| Equity | ₹839.26m |
| Total liabilities | ₹1.20b |
| Total assets | ₹2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 890207's short term assets (₹1.5B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 890207's short term assets (₹1.5B) exceed its long term liabilities (₹150.4M).
Debt to Equity History and Analysis
Debt Level: 890207's net debt to equity ratio (113.8%) is considered high.
Reducing Debt: 890207's debt to equity ratio has increased from 115.9% to 119.8% over the past 5 years.
Debt Coverage: 890207's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 890207's interest payments on its debt are not well covered by EBIT (1.9x coverage).