Shine Fashions (India) Balance Sheet Health
Financial Health criteria checks 4/6
Shine Fashions (India) has a total shareholder equity of ₹165.1M and total debt of ₹4.2M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ₹457.3M and ₹292.2M respectively. Shine Fashions (India)'s EBIT is ₹75.9M making its interest coverage ratio 318.4. It has cash and short-term investments of ₹1.9M.
Key information
2.6%
Debt to equity ratio
₹4.25m
Debt
| Interest coverage ratio | 318.4x |
| Cash | ₹1.90m |
| Equity | ₹165.13m |
| Total liabilities | ₹292.19m |
| Total assets | ₹457.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543244's short term assets (₹454.8M) exceed its short term liabilities (₹290.3M).
Long Term Liabilities: 543244's short term assets (₹454.8M) exceed its long term liabilities (₹1.8M).
Debt to Equity History and Analysis
Debt Level: 543244's net debt to equity ratio (1.4%) 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 (318.4x coverage).