Sanginita Chemicals Balance Sheet Health
Financial Health criteria checks 4/6
Sanginita Chemicals has a total shareholder equity of ₹410.4M and total debt of ₹321.1M, which brings its debt-to-equity ratio to 78.2%. Its total assets and total liabilities are ₹845.0M and ₹434.6M respectively. Sanginita Chemicals's EBIT is ₹41.5M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹159.0K.
Key information
78.2%
Debt to equity ratio
₹321.09m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹159.00k |
| Equity | ₹410.36m |
| Total liabilities | ₹434.61m |
| Total assets | ₹844.96m |
Recent financial health updates
These 4 Measures Indicate That Sanginita Chemicals (NSE:SANGINITA) Is Using Debt Reasonably Well
Dec 30
Sanginita Chemicals (NSE:SANGINITA) Seems To Use Debt Quite Sensibly
Sep 05Is Sanginita Chemicals (NSE:SANGINITA) Using Too Much Debt?
Dec 13We Think Sanginita Chemicals (NSE:SANGINITA) Is Taking Some Risk With Its Debt
Feb 15Sanginita Chemicals (NSE:SANGINITA) Has A Somewhat Strained Balance Sheet
Jul 22Is Sanginita Chemicals (NSE:SANGINITA) Using Too Much Debt?
Mar 16Recent updates
Sanginita Chemicals Limited (NSE:SANGINITA) Shares Fly 26% But Investors Aren't Buying For Growth
May 01Revenues Working Against Sanginita Chemicals Limited's (NSE:SANGINITA) Share Price Following 26% Dive
Mar 11Sanginita Chemicals Limited (NSE:SANGINITA) Surges 38% Yet Its Low P/S Is No Reason For Excitement
Jan 02These 4 Measures Indicate That Sanginita Chemicals (NSE:SANGINITA) Is Using Debt Reasonably Well
Dec 30Sanginita Chemicals (NSE:SANGINITA) Seems To Use Debt Quite Sensibly
Sep 05Is Sanginita Chemicals (NSE:SANGINITA) Using Too Much Debt?
Dec 13We Think Sanginita Chemicals (NSE:SANGINITA) Is Taking Some Risk With Its Debt
Feb 15Sanginita Chemicals (NSE:SANGINITA) Has A Somewhat Strained Balance Sheet
Jul 22Is Sanginita Chemicals (NSE:SANGINITA) Using Too Much Debt?
Mar 16Sanginita Chemicals Limited's (NSE:SANGINITA) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Jan 18Does Sanginita Chemicals (NSE:SANGINITA) Have A Healthy Balance Sheet?
Nov 26
Financial Position Analysis
Short Term Liabilities: SANGINITA's short term assets (₹726.8M) exceed its short term liabilities (₹403.8M).
Long Term Liabilities: SANGINITA's short term assets (₹726.8M) exceed its long term liabilities (₹30.8M).
Debt to Equity History and Analysis
Debt Level: SANGINITA's net debt to equity ratio (78.2%) is considered high.
Reducing Debt: SANGINITA's debt to equity ratio has reduced from 83.5% to 78.2% over the past 5 years.
Debt Coverage: SANGINITA's debt is well covered by operating cash flow (31.8%).
Interest Coverage: SANGINITA's interest payments on its debt are not well covered by EBIT (1.6x coverage).