Shine Fashions (India) Balance Sheet Health
Financial Health criteria checks 5/6
Shine Fashions (India) has a total shareholder equity of ₹103.3M and total debt of ₹9.8M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are ₹255.6M and ₹152.4M respectively. Shine Fashions (India)'s EBIT is ₹52.7M making its interest coverage ratio 159.7. It has cash and short-term investments of ₹923.0K.
Key information
9.5%
Debt to equity ratio
₹9.79m
Debt
| Interest coverage ratio | 159.7x |
| Cash | ₹923.00k |
| Equity | ₹103.26m |
| Total liabilities | ₹152.36m |
| Total assets | ₹255.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543244's short term assets (₹253.2M) exceed its short term liabilities (₹150.5M).
Long Term Liabilities: 543244's short term assets (₹253.2M) exceed its long term liabilities (₹1.8M).
Debt to Equity History and Analysis
Debt Level: 543244's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 543244's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543244's debt is well covered by operating cash flow (110.6%).
Interest Coverage: 543244's interest payments on its debt are well covered by EBIT (159.7x coverage).