Shubhlaxmi Jewel Art Balance Sheet Health
Financial Health criteria checks 4/6
Shubhlaxmi Jewel Art has a total shareholder equity of ₹226.0M and total debt of ₹112.3M, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are ₹400.6M and ₹174.7M respectively. Shubhlaxmi Jewel Art's EBIT is ₹21.3M making its interest coverage ratio 5.4. It has cash and short-term investments of ₹5.3M.
Key information
49.7%
Debt to equity ratio
₹112.30m
Debt
| Interest coverage ratio | 5.4x |
| Cash | ₹5.29m |
| Equity | ₹225.99m |
| Total liabilities | ₹174.66m |
| Total assets | ₹400.64m |
Recent financial health updates
No updates
Recent updates
Shubhlaxmi Jewel Art Limited (NSE:SHUBHLAXMI) Stock Catapults 36% Though Its Price And Business Still Lag The Market
Sep 28
Why Investors Shouldn't Be Surprised By Shubhlaxmi Jewel Art Limited's (NSE:SHUBHLAXMI) 26% Share Price Plunge
Aug 07Why Investors Shouldn't Be Surprised By Shubhlaxmi Jewel Art Limited's (NSE:SHUBHLAXMI) 41% Share Price Plunge
Jun 06What Shubhlaxmi Jewel Art Limited's (NSE:SHUBHLAXMI) P/E Is Not Telling You
Mar 21Financial Position Analysis
Short Term Liabilities: SHUBHLAXMI's short term assets (₹380.8M) exceed its short term liabilities (₹148.5M).
Long Term Liabilities: SHUBHLAXMI's short term assets (₹380.8M) exceed its long term liabilities (₹26.1M).
Debt to Equity History and Analysis
Debt Level: SHUBHLAXMI's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: SHUBHLAXMI's debt to equity ratio has reduced from 55.9% to 49.7% over the past 5 years.
Debt Coverage: SHUBHLAXMI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SHUBHLAXMI's interest payments on its debt are well covered by EBIT (5.4x coverage).