Premium Plast Balance Sheet Health
Financial Health criteria checks 3/6
Premium Plast has a total shareholder equity of ₹165.3M and total debt of ₹97.9M, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are ₹380.9M and ₹215.7M respectively.
Key information
59.3%
Debt to equity ratio
₹97.93m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹2.22m |
| Equity | ₹165.25m |
| Total liabilities | ₹215.67m |
| Total assets | ₹380.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREMIUM's short term assets (₹253.8M) exceed its short term liabilities (₹158.8M).
Long Term Liabilities: PREMIUM's short term assets (₹253.8M) exceed its long term liabilities (₹56.9M).
Debt to Equity History and Analysis
Debt Level: PREMIUM's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: PREMIUM's debt to equity ratio has reduced from 85.3% to 59.3% over the past 5 years.
Debt Coverage: PREMIUM's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: Insufficient data to determine if PREMIUM's interest payments on its debt are well covered by EBIT.