Vinyl Chemicals (India) Balance Sheet Health
Financial Health criteria checks 6/6
Vinyl Chemicals (India) has a total shareholder equity of ₹1.1B and total debt of ₹4.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹2.3B and ₹1.2B respectively. Vinyl Chemicals (India)'s EBIT is ₹312.8M making its interest coverage ratio -650.2. It has cash and short-term investments of ₹843.1M.
Key information
0.4%
Debt to equity ratio
₹4.90m
Debt
| Interest coverage ratio | -650.2x |
| Cash | ₹843.10m |
| Equity | ₹1.14b |
| Total liabilities | ₹1.19b |
| Total assets | ₹2.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524129's short term assets (₹2.3B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 524129's short term assets (₹2.3B) exceed its long term liabilities (₹10.1M).
Debt to Equity History and Analysis
Debt Level: 524129 has more cash than its total debt.
Reducing Debt: 524129's debt to equity ratio has reduced from 0.9% to 0.4% over the past 5 years.
Debt Coverage: 524129's debt is well covered by operating cash flow (10920.2%).
Interest Coverage: 524129 earns more interest than it pays, so coverage of interest payments is not a concern.