Shine Fashions (India) Balance Sheet Health
Financial Health criteria checks 4/6
Shine Fashions (India) has a total shareholder equity of ₹79.3M and total debt of ₹15.7M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are ₹185.2M and ₹105.9M respectively. Shine Fashions (India)'s EBIT is ₹33.4M making its interest coverage ratio 84.5. It has cash and short-term investments of ₹3.0M.
Key information
19.8%
Debt to equity ratio
₹15.70m
Debt
Interest coverage ratio | 84.5x |
Cash | ₹3.03m |
Equity | ₹79.31m |
Total liabilities | ₹105.86m |
Total assets | ₹185.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543244's short term assets (₹182.8M) exceed its short term liabilities (₹104.1M).
Long Term Liabilities: 543244's short term assets (₹182.8M) exceed its long term liabilities (₹1.8M).
Debt to Equity History and Analysis
Debt Level: 543244's net debt to equity ratio (16%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543244's interest payments on its debt are well covered by EBIT (84.5x coverage).