Sofcom Systems Balance Sheet Health
Financial Health criteria checks 4/6
Sofcom Systems has a total shareholder equity of ₹53.6M and total debt of ₹250.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ₹55.5M and ₹1.9M respectively. Sofcom Systems's EBIT is ₹2.4M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹33.0K.
Key information
0.5%
Debt to equity ratio
₹250.00k
Debt
Interest coverage ratio | 1.3x |
Cash | ₹33.00k |
Equity | ₹53.61m |
Total liabilities | ₹1.92m |
Total assets | ₹55.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538923's short term assets (₹52.8M) exceed its short term liabilities (₹1.7M).
Long Term Liabilities: 538923's short term assets (₹52.8M) exceed its long term liabilities (₹249.0K).
Debt to Equity History and Analysis
Debt Level: 538923's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 538923's debt to equity ratio has reduced from 59.3% to 0.5% over the past 5 years.
Debt Coverage: 538923's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 538923's interest payments on its debt are not well covered by EBIT (1.3x coverage).