Shipping Corporation of India Balance Sheet Health
Financial Health criteria checks 6/6
Shipping of India has a total shareholder equity of ₹80.6B and total debt of ₹20.3B, which brings its debt-to-equity ratio to 25.2%. Its total assets and total liabilities are ₹117.0B and ₹36.3B respectively. Shipping of India's EBIT is ₹9.3B making its interest coverage ratio 25.6. It has cash and short-term investments of ₹7.2B.
Key information
25.2%
Debt to equity ratio
₹20.29b
Debt
| Interest coverage ratio | 25.6x |
| Cash | ₹7.19b |
| Equity | ₹80.61b |
| Total liabilities | ₹36.35b |
| Total assets | ₹116.95b |
Recent financial health updates
Shipping Corporation of India (NSE:SCI) Seems To Use Debt Quite Sensibly
Jun 11
Is Shipping Corporation of India (NSE:SCI) A Risky Investment?
Jan 22Is 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 26Recent updates
The Shipping Corporation of India Limited (NSE:SCI) Not Doing Enough For Some Investors As Its Shares Slump 25%
Oct 27Shipping Corporation of India's (NSE:SCI) Dividend Will Be Increased To ₹0.50
Aug 31Shipping Corporation of India (NSE:SCI) Is Increasing Its Dividend To ₹0.50
Aug 17Little Excitement Around The Shipping Corporation of India Limited's (NSE:SCI) Earnings As Shares Take 26% Pounding
Aug 12The Shipping Corporation of India Limited (NSE:SCI) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Jun 13Shipping Corporation of India (NSE:SCI) Seems To Use Debt Quite Sensibly
Jun 11Does Shipping Corporation of India (NSE:SCI) Deserve A Spot On Your Watchlist?
May 14Does 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 17Financial Position Analysis
Short Term Liabilities: SCI's short term assets (₹31.9B) exceed its short term liabilities (₹18.2B).
Long Term Liabilities: SCI's short term assets (₹31.9B) exceed its long term liabilities (₹18.2B).
Debt to Equity History and Analysis
Debt Level: SCI's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: SCI's debt to equity ratio has reduced from 72.2% to 25.2% over the past 5 years.
Debt Coverage: SCI's debt is well covered by operating cash flow (58.9%).
Interest Coverage: SCI's interest payments on its debt are well covered by EBIT (25.6x coverage).