Solar Industries India Balance Sheet Health
Financial Health criteria checks 6/6
Solar Industries India has a total shareholder equity of ₹39.0B and total debt of ₹11.6B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are ₹66.8B and ₹27.8B respectively. Solar Industries India's EBIT is ₹16.4B making its interest coverage ratio 18.8. It has cash and short-term investments of ₹3.2B.
Key information
29.7%
Debt to equity ratio
₹11.58b
Debt
| Interest coverage ratio | 18.8x |
| Cash | ₹3.25b |
| Equity | ₹38.99b |
| Total liabilities | ₹27.78b |
| Total assets | ₹66.78b |
Recent financial health updates
Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Dec 23
We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt
Jun 09Recent updates
Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Dec 23Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive
Dec 05Solar Industries India Limited Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models
Nov 17Solar Industries India Limited's (NSE:SOLARINDS) P/S Still Appears To Be Reasonable
Oct 28Solar Industries India (NSE:SOLARINDS) Ticks All The Boxes When It Comes To Earnings Growth
Oct 06Under The Bonnet, Solar Industries India's (NSE:SOLARINDS) Returns Look Impressive
Aug 27Solar Industries India Limited Recorded A 15% Miss On Revenue: Analysts Are Revisiting Their Models
Aug 09Investors Appear Satisfied With Solar Industries India Limited's (NSE:SOLARINDS) Prospects As Shares Rocket 40%
Jul 05We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt
Jun 09Investors Shouldn't Overlook Solar Industries India's (NSE:SOLARINDS) Impressive Returns On Capital
May 04If EPS Growth Is Important To You, Solar Industries India (NSE:SOLARINDS) Presents An Opportunity
Apr 07Why We Like The Returns At Solar Industries India (NSE:SOLARINDS)
Feb 04Some Confidence Is Lacking In Solar Industries India Limited's (NSE:SOLARINDS) P/E
Jan 17Financial Position Analysis
Short Term Liabilities: SOLARINDS's short term assets (₹30.9B) exceed its short term liabilities (₹20.1B).
Long Term Liabilities: SOLARINDS's short term assets (₹30.9B) exceed its long term liabilities (₹7.7B).
Debt to Equity History and Analysis
Debt Level: SOLARINDS's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: SOLARINDS's debt to equity ratio has reduced from 39.4% to 29.7% over the past 5 years.
Debt Coverage: SOLARINDS's debt is well covered by operating cash flow (110.3%).
Interest Coverage: SOLARINDS's interest payments on its debt are well covered by EBIT (18.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 03:13 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Solar Industries India Limited is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rajesh Zawar | Anand Rathi Shares and Stock Brokers Limited |
| null null | Antique Stockbroking Ltd. |
| Chirag Muchhala | Centrum Broking Limited |