Shipping Corporation of India Balance Sheet Health
Financial Health criteria checks 6/6
Shipping of India has a total shareholder equity of ₹75.4B and total debt of ₹28.9B, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are ₹121.0B and ₹45.6B respectively. Shipping of India's EBIT is ₹5.3B making its interest coverage ratio 3.1. It has cash and short-term investments of ₹13.1B.
Key information
38.4%
Debt to equity ratio
₹28.93b
Debt
Interest coverage ratio | 3.1x |
Cash | ₹13.14b |
Equity | ₹75.40b |
Total liabilities | ₹45.60b |
Total assets | ₹121.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523598's short term assets (₹36.5B) exceed its short term liabilities (₹29.2B).
Long Term Liabilities: 523598's short term assets (₹36.5B) exceed its long term liabilities (₹16.4B).
Debt to Equity History and Analysis
Debt Level: 523598's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 523598's debt to equity ratio has reduced from 73.6% to 38.4% over the past 5 years.
Debt Coverage: 523598's debt is well covered by operating cash flow (34.4%).
Interest Coverage: 523598's interest payments on its debt are well covered by EBIT (3.1x coverage).