Vinyl Chemicals (India) Balance Sheet Health
Financial Health criteria checks 6/6
Vinyl Chemicals (India) has a total shareholder equity of ₹1.2B and total debt of ₹4.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ₹3.1B and ₹1.9B respectively. Vinyl Chemicals (India)'s EBIT is ₹278.9M making its interest coverage ratio 557.8. It has cash and short-term investments of ₹636.3M.
Key information
0.4%
Debt to equity ratio
₹4.90m
Debt
Interest coverage ratio | 557.8x |
Cash | ₹636.30m |
Equity | ₹1.17b |
Total liabilities | ₹1.88b |
Total assets | ₹3.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524129's short term assets (₹3.0B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 524129's short term assets (₹3.0B) exceed its long term liabilities (₹7.1M).
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 0.8% to 0.4% over the past 5 years.
Debt Coverage: 524129's debt is well covered by operating cash flow (7385.7%).
Interest Coverage: 524129's interest payments on its debt are well covered by EBIT (557.8x coverage).