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SpiceJet balance sheet is weak and might have solvency issues
The debt of SpiceJet is decreasing.
Latest debt of SpiceJet is ₹723 Crs as of Mar-24.
This is less than Mar-23 when it was ₹1,125 Crs.
The profit is oscillating.
The profit of SpiceJet is -₹463.15 Crs for TTM, -₹422.83 Crs for Mar 2024 and -₹1,512.77 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
SpiceJet latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets