Sabar Flex India Balance Sheet Health
Financial Health criteria checks 4/6
Sabar Flex India has a total shareholder equity of ₹324.6M and total debt of ₹206.9M, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are ₹638.2M and ₹313.6M respectively. Sabar Flex India's EBIT is ₹86.5M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹1.8M.
Key information
63.7%
Debt to equity ratio
₹206.91m
Debt
Interest coverage ratio | 3.3x |
Cash | ₹1.78m |
Equity | ₹324.59m |
Total liabilities | ₹313.60m |
Total assets | ₹638.19m |
Financial Position Analysis
Short Term Liabilities: SABAR's short term assets (₹515.3M) exceed its short term liabilities (₹243.8M).
Long Term Liabilities: SABAR's short term assets (₹515.3M) exceed its long term liabilities (₹69.8M).
Debt to Equity History and Analysis
Debt Level: SABAR's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: SABAR's debt to equity ratio has reduced from 118.8% to 63.7% over the past 5 years.
Debt Coverage: SABAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SABAR's interest payments on its debt are well covered by EBIT (3.3x coverage).