Sigachi Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sigachi Industries has a total shareholder equity of ₹4.8B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are ₹7.5B and ₹2.7B respectively. Sigachi Industries's EBIT is ₹697.3M making its interest coverage ratio 19.3. It has cash and short-term investments of ₹480.3M.
Key information
29.5%
Debt to equity ratio
₹1.42b
Debt
| Interest coverage ratio | 19.3x |
| Cash | ₹480.25m |
| Equity | ₹4.82b |
| Total liabilities | ₹2.71b |
| Total assets | ₹7.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543389's short term assets (₹3.6B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 543389's short term assets (₹3.6B) exceed its long term liabilities (₹759.5M).
Debt to Equity History and Analysis
Debt Level: 543389's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 543389's debt to equity ratio has reduced from 50.8% to 29.5% over the past 5 years.
Debt Coverage: 543389's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: 543389's interest payments on its debt are well covered by EBIT (19.3x coverage).