Machino Plastics Balance Sheet Health
Financial Health criteria checks 1/6
Machino Plastics has a total shareholder equity of ₹581.0M and total debt of ₹1.4B, which brings its debt-to-equity ratio to 243.5%. Its total assets and total liabilities are ₹2.7B and ₹2.1B respectively. Machino Plastics's EBIT is ₹173.0M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹3.9M.
Key information
243.5%
Debt to equity ratio
₹1.41b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹3.91m |
| Equity | ₹580.99m |
| Total liabilities | ₹2.11b |
| Total assets | ₹2.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523248's short term assets (₹1.4B) do not cover its short term liabilities (₹1.4B).
Long Term Liabilities: 523248's short term assets (₹1.4B) exceed its long term liabilities (₹696.9M).
Debt to Equity History and Analysis
Debt Level: 523248's net debt to equity ratio (242.8%) is considered high.
Reducing Debt: 523248's debt to equity ratio has increased from 156.8% to 243.5% over the past 5 years.
Debt Coverage: 523248's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 523248's interest payments on its debt are not well covered by EBIT (2.1x coverage).