Southern Magnesium and Chemicals Balance Sheet Health
Financial Health criteria checks 4/6
Southern Magnesium and Chemicals has a total shareholder equity of ₹77.8M and total debt of ₹32.5M, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are ₹113.5M and ₹35.7M respectively. Southern Magnesium and Chemicals's EBIT is ₹43.0M making its interest coverage ratio -198. It has cash and short-term investments of ₹39.4M.
Key information
41.8%
Debt to equity ratio
₹32.52m
Debt
| Interest coverage ratio | -198x |
| Cash | ₹39.39m |
| Equity | ₹77.76m |
| Total liabilities | ₹35.73m |
| Total assets | ₹113.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513498's short term assets (₹109.7M) exceed its short term liabilities (₹34.9M).
Long Term Liabilities: 513498's short term assets (₹109.7M) exceed its long term liabilities (₹862.0K).
Debt to Equity History and Analysis
Debt Level: 513498 has more cash than its total debt.
Reducing Debt: 513498's debt to equity ratio has increased from 9.8% to 41.8% over the past 5 years.
Debt Coverage: 513498's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 513498 earns more interest than it pays, so coverage of interest payments is not a concern.