Shubhlaxmi Jewel Art Balance Sheet Health
Financial Health criteria checks 4/6
Shubhlaxmi Jewel Art has a total shareholder equity of ₹213.8M and total debt of ₹116.4M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are ₹394.2M and ₹180.4M respectively. Shubhlaxmi Jewel Art's EBIT is ₹26.1M making its interest coverage ratio 3.8. It has cash and short-term investments of ₹1.6M.
Key information
54.4%
Debt to equity ratio
₹116.37m
Debt
Interest coverage ratio | 3.8x |
Cash | ₹1.64m |
Equity | ₹213.81m |
Total liabilities | ₹180.38m |
Total assets | ₹394.19m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SHUBHLAXMI's short term assets (₹372.9M) exceed its short term liabilities (₹153.0M).
Long Term Liabilities: SHUBHLAXMI's short term assets (₹372.9M) exceed its long term liabilities (₹27.4M).
Debt to Equity History and Analysis
Debt Level: SHUBHLAXMI's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: SHUBHLAXMI's debt to equity ratio has reduced from 93.8% to 54.4% over the past 5 years.
Debt Coverage: SHUBHLAXMI's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: SHUBHLAXMI's interest payments on its debt are well covered by EBIT (3.8x coverage).