Southern Petrochemical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Southern Petrochemical Industries has a total shareholder equity of ₹10.7B and total debt of ₹5.4B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are ₹18.6B and ₹7.9B respectively. Southern Petrochemical Industries's EBIT is ₹2.4B making its interest coverage ratio 11.9. It has cash and short-term investments of ₹2.0B.
Key information
50.4%
Debt to equity ratio
₹5.39b
Debt
| Interest coverage ratio | 11.9x |
| Cash | ₹2.00b |
| Equity | ₹10.68b |
| Total liabilities | ₹7.95b |
| Total assets | ₹18.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590030's short term assets (₹7.7B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: 590030's short term assets (₹7.7B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 590030's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 590030's debt to equity ratio has reduced from 100.6% to 50.4% over the past 5 years.
Debt Coverage: 590030's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 590030's interest payments on its debt are well covered by EBIT (11.9x coverage).