Sobha Balance Sheet Health
Financial Health criteria checks 4/6
Sobha has a total shareholder equity of ₹25.1B and total debt of ₹20.3B, which brings its debt-to-equity ratio to 80.9%. Its total assets and total liabilities are ₹137.0B and ₹111.8B respectively. Sobha's EBIT is ₹1.9B making its interest coverage ratio 1.3. It has cash and short-term investments of ₹1.1B.
Key information
80.9%
Debt to equity ratio
₹20.35b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ₹1.14b |
| Equity | ₹25.14b |
| Total liabilities | ₹111.82b |
| Total assets | ₹136.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SOBHAPP's short term assets (₹112.4B) exceed its short term liabilities (₹104.1B).
Long Term Liabilities: SOBHAPP's short term assets (₹112.4B) exceed its long term liabilities (₹7.8B).
Debt to Equity History and Analysis
Debt Level: SOBHAPP's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: SOBHAPP's debt to equity ratio has reduced from 114.2% to 80.9% over the past 5 years.
Debt Coverage: SOBHAPP's debt is well covered by operating cash flow (31.8%).
Interest Coverage: SOBHAPP's interest payments on its debt are not well covered by EBIT (1.3x coverage).