Polymechplast Machines Balance Sheet Health
Financial Health criteria checks 6/6
Polymechplast Machines has a total shareholder equity of ₹253.6M and total debt of ₹10.5M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ₹413.4M and ₹159.8M respectively. Polymechplast Machines's EBIT is ₹14.0M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹31.6M.
Key information
4.1%
Debt to equity ratio
₹10.52m
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹31.59m |
| Equity | ₹253.62m |
| Total liabilities | ₹159.83m |
| Total assets | ₹413.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526043's short term assets (₹182.5M) exceed its short term liabilities (₹159.8M).
Long Term Liabilities: 526043's short term assets (₹182.5M) exceed its long term liabilities (₹34.0K).
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 46.6% to 4.1% over the past 5 years.
Debt Coverage: 526043's debt is well covered by operating cash flow (330.4%).
Interest Coverage: 526043's interest payments on its debt are well covered by EBIT (3.6x coverage).