The Shipping Corporation of India Limited

BSE:523598 Stock Report

Market Cap: ₹106.2b

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 ratio3.8x
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).


Balance Sheet


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