Sonal Adhesives Balance Sheet Health
Financial Health criteria checks 4/6
Sonal Adhesives has a total shareholder equity of ₹67.5M and total debt of ₹49.8M, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are ₹331.6M and ₹264.1M respectively. Sonal Adhesives's EBIT is ₹27.1M making its interest coverage ratio 15. It has cash and short-term investments of ₹7.5M.
Key information
73.8%
Debt to equity ratio
₹49.82m
Debt
Interest coverage ratio | 15x |
Cash | ₹7.48m |
Equity | ₹67.54m |
Total liabilities | ₹264.05m |
Total assets | ₹331.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526901's short term assets (₹264.7M) exceed its short term liabilities (₹257.4M).
Long Term Liabilities: 526901's short term assets (₹264.7M) exceed its long term liabilities (₹6.6M).
Debt to Equity History and Analysis
Debt Level: 526901's net debt to equity ratio (62.7%) is considered high.
Reducing Debt: 526901's debt to equity ratio has reduced from 64146% to 73.8% over the past 5 years.
Debt Coverage: 526901's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526901's interest payments on its debt are well covered by EBIT (15x coverage).