Sigachi Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sigachi Industries has a total shareholder equity of ₹4.4B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are ₹6.9B and ₹2.5B respectively. Sigachi Industries's EBIT is ₹658.5M making its interest coverage ratio 8.5. It has cash and short-term investments of ₹570.6M.
Key information
28.8%
Debt to equity ratio
₹1.27b
Debt
Interest coverage ratio | 8.5x |
Cash | ₹570.57m |
Equity | ₹4.41b |
Total liabilities | ₹2.53b |
Total assets | ₹6.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543389's short term assets (₹3.1B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 543389's short term assets (₹3.1B) exceed its long term liabilities (₹653.0M).
Debt to Equity History and Analysis
Debt Level: 543389's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 543389's debt to equity ratio has reduced from 56.1% to 28.8% over the past 5 years.
Debt Coverage: 543389's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 543389's interest payments on its debt are well covered by EBIT (8.5x coverage).