Surana Solar Balance Sheet Health
Financial Health criteria checks 6/6
Surana Solar has a total shareholder equity of ₹561.7M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹588.7M and ₹27.0M respectively. Surana Solar's EBIT is ₹3.0M making its interest coverage ratio 4. It has cash and short-term investments of ₹84.4M.
Key information
0%
Debt to equity ratio
₹0
Debt
Interest coverage ratio | 4x |
Cash | ₹84.36m |
Equity | ₹561.68m |
Total liabilities | ₹26.98m |
Total assets | ₹588.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533298's short term assets (₹349.9M) exceed its short term liabilities (₹23.4M).
Long Term Liabilities: 533298's short term assets (₹349.9M) exceed its long term liabilities (₹3.6M).
Debt to Equity History and Analysis
Debt Level: 533298 is debt free.
Reducing Debt: 533298 has no debt compared to 5 years ago when its debt to equity ratio was 42.1%.
Debt Coverage: 533298 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 533298 has no debt, therefore coverage of interest payments is not a concern.