Sunshield Chemicals Balance Sheet Health
Financial Health criteria checks 4/6
Sunshield Chemicals has a total shareholder equity of ₹883.5M and total debt of ₹1.0B, which brings its debt-to-equity ratio to 115.1%. Its total assets and total liabilities are ₹2.7B and ₹1.8B respectively. Sunshield Chemicals's EBIT is ₹299.0M making its interest coverage ratio 4. It has cash and short-term investments of ₹64.3M.
Key information
115.1%
Debt to equity ratio
₹1.02b
Debt
| Interest coverage ratio | 4x |
| Cash | ₹64.30m |
| Equity | ₹883.50m |
| Total liabilities | ₹1.79b |
| Total assets | ₹2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530845's short term assets (₹1.3B) do not cover its short term liabilities (₹1.5B).
Long Term Liabilities: 530845's short term assets (₹1.3B) exceed its long term liabilities (₹329.9M).
Debt to Equity History and Analysis
Debt Level: 530845's net debt to equity ratio (107.9%) is considered high.
Reducing Debt: 530845's debt to equity ratio has reduced from 943.3% to 115.1% over the past 5 years.
Debt Coverage: 530845's debt is well covered by operating cash flow (34.7%).
Interest Coverage: 530845's interest payments on its debt are well covered by EBIT (4x coverage).