Southern Petrochemical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Southern Petrochemical Industries has a total shareholder equity of ₹10.7B and total debt of ₹5.4B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are ₹18.6B and ₹7.9B respectively. Southern Petrochemical Industries's EBIT is ₹2.4B making its interest coverage ratio 11.9. It has cash and short-term investments of ₹2.0B.
Key information
50.4%
Debt to equity ratio
₹5.39b
Debt
| Interest coverage ratio | 11.9x |
| Cash | ₹2.00b |
| Equity | ₹10.68b |
| Total liabilities | ₹7.95b |
| Total assets | ₹18.63b |
Recent financial health updates
Does Southern Petrochemical Industries (NSE:SPIC) Have A Healthy Balance Sheet?
Jan 28
Here's Why Southern Petrochemical Industries (NSE:SPIC) Can Manage Its Debt Responsibly
Dec 30Is Southern Petrochemical Industries (NSE:SPIC) Using Too Much Debt?
Jul 15These 4 Measures Indicate That Southern Petrochemical Industries (NSE:SPIC) Is Using Debt Extensively
Jan 11
Is Southern Petrochemical Industries (NSE:SPIC) Using Too Much Debt?
Aug 04Recent updates
Market Cool On Southern Petrochemical Industries Corporation Limited's (NSE:SPIC) Earnings Pushing Shares 29% Lower
Mar 21Southern Petrochemical Industries (NSE:SPIC) Is Very Good At Capital Allocation
Oct 24Southern Petrochemical Industries (NSE:SPIC) Will Pay A Larger Dividend Than Last Year At ₹1.50
Sep 01Southern Petrochemical Industries (NSE:SPIC) Is Paying Out A Larger Dividend Than Last Year
Aug 17Does Southern Petrochemical Industries (NSE:SPIC) Have A Healthy Balance Sheet?
Jan 28Returns On Capital Are A Standout For Southern Petrochemical Industries (NSE:SPIC)
Dec 17We Ran A Stock Scan For Earnings Growth And Southern Petrochemical Industries (NSE:SPIC) Passed With Ease
Nov 04Southern Petrochemical Industries (NSE:SPIC) Is Experiencing Growth In Returns On Capital
Jun 14Here's Why I Think Southern Petrochemical Industries (NSE:SPIC) Is An Interesting Stock
May 26Should You Be Adding Southern Petrochemical Industries (NSE:SPIC) To Your Watchlist Today?
Feb 18Here's Why Southern Petrochemical Industries (NSE:SPIC) Can Manage Its Debt Responsibly
Dec 30Here's Why We Think Southern Petrochemical Industries (NSE:SPIC) Is Well Worth Watching
Aug 11Is Southern Petrochemical Industries (NSE:SPIC) Using Too Much Debt?
Jul 15Southern Petrochemical Industries (NSE:SPIC) Will Will Want To Turn Around Its Return Trends
May 12Calculating The Intrinsic Value Of Southern Petrochemical Industries Corporation Limited (NSE:SPIC)
Apr 06Southern Petrochemical Industries Corporation Limited's (NSE:SPIC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mar 16A Quick Analysis On Southern Petrochemical Industries' (NSE:SPIC) CEO Compensation
Feb 25Should You Be Impressed By Southern Petrochemical Industries' (NSE:SPIC) Returns on Capital?
Feb 08These 4 Measures Indicate That Southern Petrochemical Industries (NSE:SPIC) Is Using Debt Extensively
Jan 11If You Had Bought Southern Petrochemical Industries' (NSE:SPIC) Shares Three Years Ago You Would Be Down 41%
Dec 14Declining Stock and Decent Financials: Is The Market Wrong About Southern Petrochemical Industries Corporation Limited (NSE:SPIC)?
Nov 16Update: Southern Petrochemical Industries (NSE:SPIC) Stock Gained 37% In The Last Five Years
Sep 01Is Southern Petrochemical Industries (NSE:SPIC) Using Too Much Debt?
Aug 04Investors Continue Waiting On Sidelines For Southern Petrochemical Industries Corporation Limited (NSE:SPIC)
Jul 07Are Robust Financials Driving The Recent Rally In Southern Petrochemical Industries Corporation Limited's (NSE:SPIC) Stock?
Jul 03Financial Position Analysis
Short Term Liabilities: SPIC's short term assets (₹7.7B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: SPIC's short term assets (₹7.7B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: SPIC's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: SPIC's debt to equity ratio has reduced from 100.6% to 50.4% over the past 5 years.
Debt Coverage: SPIC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SPIC's interest payments on its debt are well covered by EBIT (11.9x coverage).