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
These 4 Measures Indicate That Surana Solar (NSE:SURANASOL) Is Using Debt Reasonably Well
Mar 22
Here's Why Surana Solar (NSE:SURANASOL) Can Manage Its Debt Responsibly
Nov 27Recent updates
These 4 Measures Indicate That Surana Solar (NSE:SURANASOL) Is Using Debt Reasonably Well
Mar 22Here's Why Surana Solar (NSE:SURANASOL) Can Manage Its Debt Responsibly
Nov 27A Look At The Intrinsic Value Of Surana Solar Limited (NSE:SURANASOL)
Jul 20Calculating The Intrinsic Value Of Surana Solar Limited (NSE:SURANASOL)
Feb 15Can Mixed Fundamentals Have A Negative Impact on Surana Solar Limited (NSE:SURANASOL) Current Share Price Momentum?
Jan 07How Is Surana Solar's (NSE:SURANASOL) CEO Paid Relative To Peers?
Dec 03Trade Alert: Shresha Surana At Surana Solar Limited (NSE:SURANASOL), Has Just Spent ₹1.3m Buying 51% More Shares
Sep 30How Much Is Surana Solar Limited (NSE:SURANASOL) Paying Its CEO?
Sep 04
Don't Ignore The Fact That This Insider Just Sold Some Shares In Surana Solar Limited (NSE:SURANASOL)
Jul 05Financial Position Analysis
Short Term Liabilities: SURANASOL's short term assets (₹441.0M) exceed its short term liabilities (₹80.0M).
Long Term Liabilities: SURANASOL's short term assets (₹441.0M) exceed its long term liabilities (₹2.4M).
Debt to Equity History and Analysis
Debt Level: SURANASOL has more cash than its total debt.
Reducing Debt: SURANASOL's debt to equity ratio has reduced from 19.4% to 6.3% over the past 5 years.
Debt Coverage: SURANASOL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SURANASOL earns more interest than it pays, so coverage of interest payments is not a concern.