Shahi Shipping Balance Sheet Health
Financial Health criteria checks 3/6
Shahi Shipping has a total shareholder equity of ₹46.7M and total debt of ₹59.8M, which brings its debt-to-equity ratio to 128%. Its total assets and total liabilities are ₹160.2M and ₹113.5M respectively. Shahi Shipping's EBIT is ₹6.1M making its interest coverage ratio 0.9. It has cash and short-term investments of ₹9.5M.
Key information
128.0%
Debt to equity ratio
₹59.75m
Debt
| Interest coverage ratio | 0.9x |
| Cash | ₹9.45m |
| Equity | ₹46.70m |
| Total liabilities | ₹113.48m |
| Total assets | ₹160.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526508's short term assets (₹46.8M) do not cover its short term liabilities (₹76.9M).
Long Term Liabilities: 526508's short term assets (₹46.8M) exceed its long term liabilities (₹36.6M).
Debt to Equity History and Analysis
Debt Level: 526508's net debt to equity ratio (107.7%) is considered high.
Reducing Debt: 526508's debt to equity ratio has reduced from 157% to 128% over the past 5 years.
Debt Coverage: 526508's debt is well covered by operating cash flow (26.8%).
Interest Coverage: 526508's interest payments on its debt are not well covered by EBIT (0.9x coverage).