Machino Plastics Balance Sheet Health
Financial Health criteria checks 1/6
Machino Plastics has a total shareholder equity of ₹509.5M and total debt of ₹874.9M, which brings its debt-to-equity ratio to 171.7%. Its total assets and total liabilities are ₹1.8B and ₹1.3B respectively. Machino Plastics's EBIT is ₹106.7M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹23.0M.
Key information
171.7%
Debt to equity ratio
₹874.88m
Debt
Interest coverage ratio | 1.8x |
Cash | ₹23.00m |
Equity | ₹509.51m |
Total liabilities | ₹1.27b |
Total assets | ₹1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523248's short term assets (₹775.3M) do not cover its short term liabilities (₹1.1B).
Long Term Liabilities: 523248's short term assets (₹775.3M) exceed its long term liabilities (₹173.4M).
Debt to Equity History and Analysis
Debt Level: 523248's net debt to equity ratio (167.2%) is considered high.
Reducing Debt: 523248's debt to equity ratio has increased from 165.7% to 171.7% over the past 5 years.
Debt Coverage: 523248's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 523248's interest payments on its debt are not well covered by EBIT (1.8x coverage).