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
Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 22
Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Sep 16We Think Shipping Corporation of India (NSE:SCI) Can Stay On Top Of Its Debt
Mar 22Here's Why Shipping Corporation of India (NSE:SCI) Can Manage Its Debt Responsibly
Nov 23Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
May 26Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 28Recent updates
Does Shipping Corporation of India (NSE:SCI) Deserve A Spot On Your Watchlist?
Feb 11Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 22Improved Earnings Required Before The Shipping Corporation of India Limited (NSE:SCI) Stock's 26% Jump Looks Justified
Dec 20Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Sep 16Shipping Corporation of India's (NSE:SCI) Returns On Capital Are Heading Higher
Jun 07We Think Shipping Corporation of India (NSE:SCI) Can Stay On Top Of Its Debt
Mar 22Shipping Corporation of India (NSE:SCI) Is Looking To Continue Growing Its Returns On Capital
Jan 04Should You Be Adding Shipping Corporation of India (NSE:SCI) To Your Watchlist Today?
Nov 29We Ran A Stock Scan For Earnings Growth And Shipping Corporation of India (NSE:SCI) Passed With Ease
Aug 04Is There Now An Opportunity In The Shipping Corporation of India Limited (NSE:SCI)?
Jun 15Shipping Corporation of India (NSE:SCI) Is Looking To Continue Growing Its Returns On Capital
Apr 06Do Shipping Corporation of India's (NSE:SCI) Earnings Warrant Your Attention?
Mar 04Returns On Capital At Shipping Corporation of India (NSE:SCI) Have Hit The Brakes
Dec 21Here's Why Shipping Corporation of India (NSE:SCI) Can Manage Its Debt Responsibly
Nov 23Is Now The Time To Look At Buying The Shipping Corporation of India Limited (NSE:SCI)?
Jun 11Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
May 26Here's Why We Think Shipping Corporation of India (NSE:SCI) Is Well Worth Watching
Apr 05Can Shipping Corporation of India (NSE:SCI) Continue To Grow Its Returns On Capital?
Mar 17Is The Shipping Corporation of India Limited (NSE:SCI) An Attractive Dividend Stock?
Mar 01Do Institutions Own The Shipping Corporation of India Limited (NSE:SCI) Shares?
Feb 15Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 28Can You Imagine How Shipping Corporation of India's (NSE:SCI) Shareholders Feel About The 41% Share Price Increase?
Jan 13
With EPS Growth And More, Shipping Corporation of India (NSE:SCI) Is Interesting
Dec 29Can Shipping Corporation of India (NSE:SCI) Continue To Grow Its Returns On Capital?
Dec 14Is The Shipping Corporation of India Limited (NSE:SCI) A Smart Choice For Dividend Investors?
Nov 30Financial Position Analysis
Short Term Liabilities: SCI's short term assets (₹24.0B) do not cover its short term liabilities (₹25.2B).
Long Term Liabilities: SCI's short term assets (₹24.0B) exceed its long term liabilities (₹14.1B).
Debt to Equity History and Analysis
Debt Level: SCI's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: SCI's debt to equity ratio has reduced from 74.5% to 32.2% over the past 5 years.
Debt Coverage: SCI's debt is well covered by operating cash flow (88.5%).
Interest Coverage: SCI's interest payments on its debt are well covered by EBIT (3.8x coverage).