Solex Energy Balance Sheet Health
Financial Health criteria checks 2/6
Solex Energy has a total shareholder equity of ₹382.3M and total debt of ₹810.8M, which brings its debt-to-equity ratio to 212.1%. Its total assets and total liabilities are ₹1.9B and ₹1.5B respectively. Solex Energy's EBIT is ₹136.9M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹1.6M.
Key information
212.1%
Debt to equity ratio
₹810.80m
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹1.55m |
| Equity | ₹382.35m |
| Total liabilities | ₹1.50b |
| Total assets | ₹1.88b |
Recent financial health updates
Here's Why Solex Energy (NSE:SOLEX) Has A Meaningful Debt Burden
Feb 02
Is 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
The 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 (₹1.3B) exceed its short term liabilities (₹919.2M).
Long Term Liabilities: SOLEX's short term assets (₹1.3B) exceed its long term liabilities (₹575.9M).
Debt to Equity History and Analysis
Debt Level: SOLEX's net debt to equity ratio (211.7%) is considered high.
Reducing Debt: SOLEX's debt to equity ratio has increased from 40.3% to 212.1% over the past 5 years.
Debt Coverage: SOLEX's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: SOLEX's interest payments on its debt are not well covered by EBIT (1.9x coverage).