Shipping Corporation of India Balance Sheet Health
Financial Health criteria checks 6/6
Shipping of India has a total shareholder equity of ₹75.4B and total debt of ₹28.9B, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are ₹121.0B and ₹45.6B respectively. Shipping of India's EBIT is ₹5.3B making its interest coverage ratio 3.1. It has cash and short-term investments of ₹13.1B.
Key information
38.4%
Debt to equity ratio
₹28.93b
Debt
Interest coverage ratio | 3.1x |
Cash | ₹13.14b |
Equity | ₹75.40b |
Total liabilities | ₹45.60b |
Total assets | ₹121.00b |
Recent financial health updates
Shipping Corporation of India (NSE:SCI) Seems To Use Debt Quite Sensibly
Jun 11Is 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) 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 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 13Financial Position Analysis
Short Term Liabilities: SCI's short term assets (₹36.5B) exceed its short term liabilities (₹29.2B).
Long Term Liabilities: SCI's short term assets (₹36.5B) exceed its long term liabilities (₹16.4B).
Debt to Equity History and Analysis
Debt Level: SCI's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: SCI's debt to equity ratio has reduced from 73.6% to 38.4% over the past 5 years.
Debt Coverage: SCI's debt is well covered by operating cash flow (34.4%).
Interest Coverage: SCI's interest payments on its debt are well covered by EBIT (3.1x coverage).