HLE Glascoat Balance Sheet Health
Financial Health criteria checks 3/6
HLE Glascoat has a total shareholder equity of ₹5.1B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are ₹11.8B and ₹6.7B respectively. HLE Glascoat's EBIT is ₹964.8M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹498.7M.
Key information
63.8%
Debt to equity ratio
₹3.28b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹498.74m |
| Equity | ₹5.15b |
| Total liabilities | ₹6.70b |
| Total assets | ₹11.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522215's short term assets (₹5.8B) exceed its short term liabilities (₹4.8B).
Long Term Liabilities: 522215's short term assets (₹5.8B) exceed its long term liabilities (₹1.9B).
Debt to Equity History and Analysis
Debt Level: 522215's net debt to equity ratio (54.1%) is considered high.
Reducing Debt: 522215's debt to equity ratio has increased from 26.4% to 63.8% over the past 5 years.
Debt Coverage: 522215's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 522215's interest payments on its debt are not well covered by EBIT (2.7x coverage).