Southern Petrochemical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Southern Petrochemical Industries has a total shareholder equity of ₹10.8B and total debt of ₹4.7B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are ₹17.6B and ₹6.9B respectively. Southern Petrochemical Industries's EBIT is ₹2.3B making its interest coverage ratio 5.1. It has cash and short-term investments of ₹2.0B.
Key information
43.8%
Debt to equity ratio
₹4.71b
Debt
| Interest coverage ratio | 5.1x |
| Cash | ₹2.05b |
| Equity | ₹10.76b |
| Total liabilities | ₹6.87b |
| Total assets | ₹17.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STHPT's short term assets (₹5.8B) do not cover its short term liabilities (₹6.2B).
Long Term Liabilities: STHPT's short term assets (₹5.8B) exceed its long term liabilities (₹652.9M).
Debt to Equity History and Analysis
Debt Level: STHPT's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: STHPT's debt to equity ratio has reduced from 108% to 43.8% over the past 5 years.
Debt Coverage: STHPT's debt is well covered by operating cash flow (48.3%).
Interest Coverage: STHPT's interest payments on its debt are well covered by EBIT (5.1x coverage).