Solar Industries India Balance Sheet Health
Financial Health criteria checks 6/6
Solar Industries India has a total shareholder equity of ₹29.7B and total debt of ₹10.6B, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are ₹51.5B and ₹21.8B respectively. Solar Industries India's EBIT is ₹13.4B making its interest coverage ratio 14.8. It has cash and short-term investments of ₹2.6B.
Key information
35.5%
Debt to equity ratio
₹10.57b
Debt
| Interest coverage ratio | 14.8x |
| Cash | ₹2.56b |
| Equity | ₹29.73b |
| Total liabilities | ₹21.81b |
| Total assets | ₹51.54b |
Recent financial health updates
Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Dec 30
Is Solar Industries India (NSE:SOLARINDS) A Risky Investment?
Sep 28We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt
Jun 24Solar Industries India (NSE:SOLARINDS) Has A Pretty Healthy Balance Sheet
Feb 26Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Nov 26Solar Industries India (NSE:SOLARINDS) Seems To Use Debt Quite Sensibly
Jul 06Recent updates
If 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 17Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Dec 30Is Now The Time To Put Solar Industries India (NSE:SOLARINDS) On Your Watchlist?
Dec 12Investors Shouldn't Overlook Solar Industries India's (NSE:SOLARINDS) Impressive Returns On Capital
Oct 19Is Solar Industries India (NSE:SOLARINDS) A Risky Investment?
Sep 28Here's Why We Think Solar Industries India (NSE:SOLARINDS) Is Well Worth Watching
Aug 18Solar Industries India (NSE:SOLARINDS) Knows How To Allocate Capital Effectively
Jul 12We Think Solar Industries India (NSE:SOLARINDS) Can Stay On Top Of Its Debt
Jun 24Solar Industries India (NSE:SOLARINDS) Is Increasing Its Dividend To ₹8.00
May 31Here's Why We Think Solar Industries India (NSE:SOLARINDS) Is Well Worth Watching
May 05Why We Like The Returns At Solar Industries India (NSE:SOLARINDS)
Mar 18Solar Industries India (NSE:SOLARINDS) Has A Pretty Healthy Balance Sheet
Feb 26Do Solar Industries India's (NSE:SOLARINDS) Earnings Warrant Your Attention?
Jan 21Shareholders Are Optimistic That Solar Industries India (NSE:SOLARINDS) Will Multiply In Value
Dec 15Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Nov 26Analysts Just Published A Bright New Outlook For Solar Industries India Limited's (NSE:SOLARINDS)
Nov 08Solar Industries India (NSE:SOLARINDS) Is Investing Its Capital With Increasing Efficiency
Aug 29Does Solar Industries India (NSE:SOLARINDS) Deserve A Spot On Your Watchlist?
Aug 11Solar Industries India (NSE:SOLARINDS) Seems To Use Debt Quite Sensibly
Jul 06Solar Industries India (NSE:SOLARINDS) Looks To Prolong Its Impressive Returns
May 24Analysts Just Shipped A Sizeable Upgrade To Their Solar Industries India Limited (NSE:SOLARINDS) Estimates
May 06Here's Why We Think Solar Industries India (NSE:SOLARINDS) Is Well Worth Watching
Apr 28Is Solar Industries India (NSE:SOLARINDS) A Risky Investment?
Feb 21Solar Industries India Limited Just Recorded A 18% Revenue Beat: Here's What Analysts Think
Feb 02Here's Why We Think Solar Industries India (NSE:SOLARINDS) Is Well Worth Watching
Jan 27Why You Should Care About Solar Industries India's (NSE:SOLARINDS) Strong Returns On Capital
Jan 09Does Solar Industries India (NSE:SOLARINDS) Have A Healthy Balance Sheet?
Nov 12Should You Be Adding Solar Industries India (NSE:SOLARINDS) To Your Watchlist Today?
Oct 26Capital Investments At Solar Industries India (NSE:SOLARINDS) Point To A Promising Future
Oct 04It Looks Like The CEO Of Solar Industries India Limited (NSE:SOLARINDS) May Be Underpaid Compared To Peers
Aug 24Investors Could Be Concerned With Solar Industries India's (NSE:SOLARINDS) Returns On Capital
Jul 06Is Solar Industries India (NSE:SOLARINDS) A Risky Investment?
Jun 02Solar Industries India (NSE:SOLARINDS) Could Be Struggling To Allocate Capital
Mar 25Is Solar Industries India Limited (NSE:SOLARINDS) A Smart Choice For Dividend Investors?
Mar 07Is Solar Industries India (NSE:SOLARINDS) A Risky Investment?
Feb 17Why Solar Industries India's (NSE:SOLARINDS) CEO Pay Matters
Feb 02Update: Solar Industries India (NSE:SOLARINDS) Stock Gained 86% In The Last Five Years
Jan 18Is Solar Industries India Limited's (NSE:SOLARINDS) Recent Performance Tethered To Its Attractive Financial Prospects?
Jan 04Financial Position Analysis
Short Term Liabilities: SOLARINDS's short term assets (₹24.7B) exceed its short term liabilities (₹14.8B).
Long Term Liabilities: SOLARINDS's short term assets (₹24.7B) exceed its long term liabilities (₹7.0B).
Debt to Equity History and Analysis
Debt Level: SOLARINDS's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: SOLARINDS's debt to equity ratio has reduced from 43.5% to 35.5% over the past 5 years.
Debt Coverage: SOLARINDS's debt is well covered by operating cash flow (113%).
Interest Coverage: SOLARINDS's interest payments on its debt are well covered by EBIT (14.8x coverage).