Solve Plastic Products Balance Sheet Health
Financial Health criteria checks 2/6
Solve Plastic Products has a total shareholder equity of ₹43.9M and total debt of ₹124.1M, which brings its debt-to-equity ratio to 282.8%. Its total assets and total liabilities are ₹221.2M and ₹177.3M respectively. Solve Plastic Products's EBIT is ₹28.3M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹97.0K.
Key information
282.8%
Debt to equity ratio
₹124.08m
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹97.00k |
| Equity | ₹43.88m |
| Total liabilities | ₹177.27m |
| Total assets | ₹221.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BALCO's short term assets (₹143.3M) exceed its short term liabilities (₹138.7M).
Long Term Liabilities: BALCO's short term assets (₹143.3M) exceed its long term liabilities (₹38.5M).
Debt to Equity History and Analysis
Debt Level: BALCO's net debt to equity ratio (282.6%) is considered high.
Reducing Debt: Insufficient data to determine if BALCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BALCO's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: BALCO's interest payments on its debt are not well covered by EBIT (2.1x coverage).