Sikko Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sikko Industries has a total shareholder equity of ₹278.7M and total debt of ₹58.9M, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are ₹516.9M and ₹238.2M respectively. Sikko Industries's EBIT is ₹49.3M making its interest coverage ratio 7.6. It has cash and short-term investments of ₹823.0K.
Key information
21.1%
Debt to equity ratio
₹58.90m
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₹823.00k |
| Equity | ₹278.75m |
| Total liabilities | ₹238.17m |
| Total assets | ₹516.91m |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Sikko Industries Limited (NSE:SIKKO) With Shares Advancing 26%
Aug 12
Here'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 (₹463.3M) exceed its short term liabilities (₹221.0M).
Long Term Liabilities: SIKKO's short term assets (₹463.3M) exceed its long term liabilities (₹17.1M).
Debt to Equity History and Analysis
Debt Level: SIKKO's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: SIKKO's debt to equity ratio has reduced from 58.6% to 21.1% over the past 5 years.
Debt Coverage: SIKKO's debt is well covered by operating cash flow (36.3%).
Interest Coverage: SIKKO's interest payments on its debt are well covered by EBIT (7.6x coverage).