Solex Energy Balance Sheet Health
Financial Health criteria checks 3/6
Solex Energy has a total shareholder equity of ₹1.3B and total debt of ₹733.3M, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are ₹3.0B and ₹1.7B respectively. Solex Energy's EBIT is ₹368.4M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹9.3M.
Key information
55.7%
Debt to equity ratio
₹733.33m
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹9.30m |
| Equity | ₹1.32b |
| Total liabilities | ₹1.66b |
| Total assets | ₹2.98b |
Recent financial health updates
We Think Solex Energy (NSE:SOLEX) Is Taking Some Risk With Its Debt
Jul 17
Here's Why Solex Energy (NSE:SOLEX) Has A Meaningful Debt Burden
Feb 02Is Solex Energy (NSE:SOLEX) A Risky Investment?
Jun 24These 4 Measures Indicate That Solex Energy (NSE:SOLEX) Is Using Debt Extensively
Aug 17Does Solex Energy (NSE:SOLEX) Have A Healthy Balance Sheet?
Jul 07Recent updates
Additional Considerations Required While Assessing Solex Energy's (NSE:SOLEX) Strong Earnings
Nov 18We Ran A Stock Scan For Earnings Growth And Solex Energy (NSE:SOLEX) Passed With Ease
Nov 05Further Upside For Solex Energy Limited (NSE:SOLEX) Shares Could Introduce Price Risks After 30% Bounce
Oct 10Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 29% Share Price Boost
Aug 09We Think Solex Energy (NSE:SOLEX) Is Taking Some Risk With Its Debt
Jul 17Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 50% Share Price Boost
Jun 12The Market Lifts Solex Energy Limited (NSE:SOLEX) Shares 26% But It Can Do More
Apr 18Solex Energy Limited's (NSE:SOLEX) Shares Leap 29% Yet They're Still Not Telling The Full Story
Feb 20Here's Why Solex Energy (NSE:SOLEX) Has A Meaningful Debt Burden
Feb 02Solex Energy Limited (NSE:SOLEX) Soars 27% But It's A Story Of Risk Vs Reward
Jan 05Solex Energy (NSE:SOLEX) May Have Issues Allocating Its Capital
Jan 04Here's Why Shareholders May Want To Be Cautious With Increasing Solex Energy Limited's (NSE:SOLEX) CEO Pay Packet
Sep 23There Are Reasons To Feel Uneasy About Solex Energy's (NSE:SOLEX) Returns On Capital
Sep 13Is Solex Energy (NSE:SOLEX) A Risky Investment?
Jun 24These 4 Measures Indicate That Solex Energy (NSE:SOLEX) Is Using Debt Extensively
Aug 17Does Solex Energy (NSE:SOLEX) Have A Healthy Balance Sheet?
Jul 07Is Solex Energy Limited (NSE:SOLEX) The Right Choice For A Smart Dividend Investor?
Feb 22Financial Position Analysis
Short Term Liabilities: SOLEX's short term assets (₹2.4B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: SOLEX's short term assets (₹2.4B) exceed its long term liabilities (₹375.4M).
Debt to Equity History and Analysis
Debt Level: SOLEX's net debt to equity ratio (55%) is considered high.
Reducing Debt: SOLEX's debt to equity ratio has increased from 46.5% to 55.7% over the past 5 years.
Debt Coverage: SOLEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SOLEX's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 08:29 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Solex Energy Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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