Ashish Polyplast Balance Sheet Health
Financial Health criteria checks 6/6
Ashish Polyplast has a total shareholder equity of ₹71.0M and total debt of ₹15.2M, which brings its debt-to-equity ratio to 21.4%. Its total assets and total liabilities are ₹103.1M and ₹32.1M respectively. Ashish Polyplast's EBIT is ₹9.2M making its interest coverage ratio 35.5. It has cash and short-term investments of ₹16.2M.
Key information
21.4%
Debt to equity ratio
₹15.20m
Debt
| Interest coverage ratio | 35.5x |
| Cash | ₹16.20m |
| Equity | ₹71.00m |
| Total liabilities | ₹32.11m |
| Total assets | ₹103.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530429's short term assets (₹44.0M) exceed its short term liabilities (₹26.3M).
Long Term Liabilities: 530429's short term assets (₹44.0M) exceed its long term liabilities (₹5.8M).
Debt to Equity History and Analysis
Debt Level: 530429 has more cash than its total debt.
Reducing Debt: 530429's debt to equity ratio has reduced from 23.6% to 21.4% over the past 5 years.
Debt Coverage: 530429's debt is well covered by operating cash flow (130.4%).
Interest Coverage: 530429's interest payments on its debt are well covered by EBIT (35.5x coverage).