Swastik Pipe Balance Sheet Health
Financial Health criteria checks 2/6
Swastik Pipe has a total shareholder equity of ₹2.1B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are ₹4.1B and ₹2.0B respectively. Swastik Pipe's EBIT is ₹303.9M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹135.5M.
Key information
54.6%
Debt to equity ratio
₹1.16b
Debt
Interest coverage ratio | 2.9x |
Cash | ₹135.54m |
Equity | ₹2.12b |
Total liabilities | ₹1.99b |
Total assets | ₹4.11b |
Financial Position Analysis
Short Term Liabilities: SWASTIK's short term assets (₹3.3B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: SWASTIK's short term assets (₹3.3B) exceed its long term liabilities (₹460.1M).
Debt to Equity History and Analysis
Debt Level: SWASTIK's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: Insufficient data to determine if SWASTIK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SWASTIK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SWASTIK's interest payments on its debt are not well covered by EBIT (2.9x coverage).