Chowgule Steamships Balance Sheet Health
Financial Health criteria checks 2/6
Chowgule Steamships has a total shareholder equity of ₹177.3M and total debt of ₹125.8M, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are ₹519.0M and ₹341.8M respectively. Chowgule Steamships's EBIT is ₹12.0M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹34.6M.
Key information
71.0%
Debt to equity ratio
₹125.78m
Debt
Interest coverage ratio | 1.2x |
Cash | ₹34.64m |
Equity | ₹177.27m |
Total liabilities | ₹341.75m |
Total assets | ₹519.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 501833's short term assets (₹190.6M) do not cover its short term liabilities (₹270.0M).
Long Term Liabilities: 501833's short term assets (₹190.6M) exceed its long term liabilities (₹71.8M).
Debt to Equity History and Analysis
Debt Level: 501833's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 501833's debt to equity ratio has reduced from 223% to 71% over the past 5 years.
Debt Coverage: 501833's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 501833's interest payments on its debt are not well covered by EBIT (1.2x coverage).