Surana Solar Balance Sheet Health
Financial Health criteria checks 5/6
Surana Solar has a total shareholder equity of ₹567.7M and total debt of ₹36.0M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ₹650.2M and ₹82.4M respectively. Surana Solar's EBIT is ₹29.4M making its interest coverage ratio -4.2. It has cash and short-term investments of ₹75.9M.
Key information
6.3%
Debt to equity ratio
₹35.98m
Debt
| Interest coverage ratio | -4.2x |
| Cash | ₹75.94m |
| Equity | ₹567.72m |
| Total liabilities | ₹82.44m |
| Total assets | ₹650.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533298's short term assets (₹441.0M) exceed its short term liabilities (₹80.0M).
Long Term Liabilities: 533298's short term assets (₹441.0M) exceed its long term liabilities (₹2.4M).
Debt to Equity History and Analysis
Debt Level: 533298 has more cash than its total debt.
Reducing Debt: 533298's debt to equity ratio has reduced from 19.4% to 6.3% over the past 5 years.
Debt Coverage: 533298's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 533298 earns more interest than it pays, so coverage of interest payments is not a concern.