Solar Industries India Balance Sheet Health
Financial Health criteria checks 6/6
Solar Industries India has a total shareholder equity of ₹29.7B and total debt of ₹10.6B, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are ₹51.5B and ₹21.8B respectively. Solar Industries India's EBIT is ₹13.4B making its interest coverage ratio 14.8. It has cash and short-term investments of ₹2.6B.
Key information
35.5%
Debt to equity ratio
₹10.57b
Debt
Interest coverage ratio | 14.8x |
Cash | ₹2.56b |
Equity | ₹29.73b |
Total liabilities | ₹21.81b |
Total assets | ₹51.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532725's short term assets (₹24.7B) exceed its short term liabilities (₹14.8B).
Long Term Liabilities: 532725's short term assets (₹24.7B) exceed its long term liabilities (₹7.0B).
Debt to Equity History and Analysis
Debt Level: 532725's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: 532725's debt to equity ratio has reduced from 43.5% to 35.5% over the past 5 years.
Debt Coverage: 532725's debt is well covered by operating cash flow (113%).
Interest Coverage: 532725's interest payments on its debt are well covered by EBIT (14.8x coverage).