Polymechplast Machines Balance Sheet Health
Financial Health criteria checks 5/6
Polymechplast Machines has a total shareholder equity of ₹251.0M and total debt of ₹24.0M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are ₹474.9M and ₹224.0M respectively. Polymechplast Machines's EBIT is ₹11.6M making its interest coverage ratio -4.2. It has cash and short-term investments of ₹27.2M.
Key information
9.6%
Debt to equity ratio
₹24.01m
Debt
| Interest coverage ratio | -4.2x |
| Cash | ₹27.23m |
| Equity | ₹250.95m |
| Total liabilities | ₹223.99m |
| Total assets | ₹474.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526043's short term assets (₹220.9M) do not cover its short term liabilities (₹224.0M).
Long Term Liabilities: 526043 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 526043 has more cash than its total debt.
Reducing Debt: 526043's debt to equity ratio has reduced from 43.1% to 9.6% over the past 5 years.
Debt Coverage: 526043's debt is well covered by operating cash flow (137.8%).
Interest Coverage: 526043 earns more interest than it pays, so coverage of interest payments is not a concern.