Ashish Polyplast Balance Sheet Health
Financial Health criteria checks 6/6
Ashish Polyplast has a total shareholder equity of ₹59.9M and total debt of ₹9.2M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are ₹83.6M and ₹23.7M respectively. Ashish Polyplast's EBIT is ₹10.1M making its interest coverage ratio 10.5. It has cash and short-term investments of ₹378.0K.
Key information
15.3%
Debt to equity ratio
₹9.16m
Debt
Interest coverage ratio | 10.5x |
Cash | ₹378.00k |
Equity | ₹59.89m |
Total liabilities | ₹23.71m |
Total assets | ₹83.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530429's short term assets (₹40.0M) exceed its short term liabilities (₹18.4M).
Long Term Liabilities: 530429's short term assets (₹40.0M) exceed its long term liabilities (₹5.3M).
Debt to Equity History and Analysis
Debt Level: 530429's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: 530429's debt to equity ratio has reduced from 26% to 15.3% over the past 5 years.
Debt Coverage: 530429's debt is well covered by operating cash flow (118.2%).
Interest Coverage: 530429's interest payments on its debt are well covered by EBIT (10.5x coverage).