Sikko Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sikko Industries has a total shareholder equity of ₹330.0M and total debt of ₹40.5M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are ₹558.2M and ₹228.2M respectively. Sikko Industries's EBIT is ₹55.3M making its interest coverage ratio 9.1. It has cash and short-term investments of ₹1.1M.
Key information
12.3%
Debt to equity ratio
₹40.48m
Debt
| Interest coverage ratio | 9.1x |
| Cash | ₹1.12m |
| Equity | ₹329.98m |
| Total liabilities | ₹228.20m |
| Total assets | ₹558.18m |
Recent financial health updates
No updates
Recent updates
Does Sikko Industries (NSE:SIKKO) Deserve A Spot On Your Watchlist?
Oct 27
Subdued Growth No Barrier To Sikko Industries Limited (NSE:SIKKO) With Shares Advancing 26%
Aug 12Here's Why We Think Sikko Industries (NSE:SIKKO) Might Deserve Your Attention Today
Jul 20Optimistic Investors Push Sikko Industries Limited (NSE:SIKKO) Shares Up 28% But Growth Is Lacking
May 28Investor Optimism Abounds Sikko Industries Limited (NSE:SIKKO) But Growth Is Lacking
Apr 03Here's Why Sikko Industries (NSE:SIKKO) Has Caught The Eye Of Investors
Feb 27Subdued Growth No Barrier To Sikko Industries Limited (NSE:SIKKO) With Shares Advancing 37%
Dec 22Calculating The Intrinsic Value Of Sikko Industries Limited (NSE:SIKKO)
Dec 26Calculating The Intrinsic Value Of Sikko Industries Limited (NSE:SIKKO)
Aug 23Do Sikko Industries's (NSE:SIKKO) Earnings Warrant Your Attention?
Aug 13Is Now The Time To Put Sikko Industries (NSE:SIKKO) On Your Watchlist?
Feb 03Financial Position Analysis
Short Term Liabilities: SIKKO's short term assets (₹506.4M) exceed its short term liabilities (₹194.6M).
Long Term Liabilities: SIKKO's short term assets (₹506.4M) exceed its long term liabilities (₹33.6M).
Debt to Equity History and Analysis
Debt Level: SIKKO's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: SIKKO's debt to equity ratio has reduced from 58.6% to 12.3% over the past 5 years.
Debt Coverage: SIKKO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIKKO's interest payments on its debt are well covered by EBIT (9.1x coverage).