Suraj Estate Developers Balance Sheet Health
Financial Health criteria checks 4/6
Suraj Estate Developers has a total shareholder equity of ₹5.7B and total debt of ₹4.4B, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are ₹14.0B and ₹8.3B respectively. Suraj Estate Developers's EBIT is ₹2.5B making its interest coverage ratio 4.6. It has cash and short-term investments of ₹613.8M.
Key information
77.8%
Debt to equity ratio
₹4.44b
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹613.78m |
| Equity | ₹5.70b |
| Total liabilities | ₹8.28b |
| Total assets | ₹13.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SURAJEST's short term assets (₹13.5B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: SURAJEST's short term assets (₹13.5B) exceed its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: SURAJEST's net debt to equity ratio (67%) is considered high.
Reducing Debt: SURAJEST's debt to equity ratio has reduced from 1924.3% to 77.8% over the past 5 years.
Debt Coverage: SURAJEST's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SURAJEST's interest payments on its debt are well covered by EBIT (4.6x coverage).