HLE Glascoat Balance Sheet Health
Financial Health criteria checks 3/6
HLE Glascoat has a total shareholder equity of ₹4.6B and total debt of ₹3.6B, which brings its debt-to-equity ratio to 79.2%. Its total assets and total liabilities are ₹12.0B and ₹7.3B respectively. HLE Glascoat's EBIT is ₹983.4M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹507.0M.
Key information
79.2%
Debt to equity ratio
₹3.65b
Debt
Interest coverage ratio | 3.7x |
Cash | ₹506.96m |
Equity | ₹4.61b |
Total liabilities | ₹7.35b |
Total assets | ₹11.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522215's short term assets (₹6.6B) exceed its short term liabilities (₹5.0B).
Long Term Liabilities: 522215's short term assets (₹6.6B) exceed its long term liabilities (₹2.4B).
Debt to Equity History and Analysis
Debt Level: 522215's net debt to equity ratio (68.2%) is considered high.
Reducing Debt: 522215's debt to equity ratio has increased from 12.7% to 79.2% over the past 5 years.
Debt Coverage: 522215's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 522215's interest payments on its debt are well covered by EBIT (3.7x coverage).