Shipping Corporation of India Balance Sheet Health
Financial Health criteria checks 5/6
Shipping of India has a total shareholder equity of ₹71.2B and total debt of ₹22.9B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are ₹110.5B and ₹39.3B respectively. Shipping of India's EBIT is ₹6.1B making its interest coverage ratio 3.8. It has cash and short-term investments of ₹2.4B.
Key information
32.2%
Debt to equity ratio
₹22.92b
Debt
Interest coverage ratio | 3.8x |
Cash | ₹2.36b |
Equity | ₹71.16b |
Total liabilities | ₹39.35b |
Total assets | ₹110.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523598's short term assets (₹24.0B) do not cover its short term liabilities (₹25.2B).
Long Term Liabilities: 523598's short term assets (₹24.0B) exceed its long term liabilities (₹14.1B).
Debt to Equity History and Analysis
Debt Level: 523598's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: 523598's debt to equity ratio has reduced from 74.5% to 32.2% over the past 5 years.
Debt Coverage: 523598's debt is well covered by operating cash flow (88.5%).
Interest Coverage: 523598's interest payments on its debt are well covered by EBIT (3.8x coverage).