HLE Glascoat Balance Sheet Health
Financial Health criteria checks 3/6
HLE Glascoat has a total shareholder equity of ₹5.0B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are ₹12.0B and ₹7.1B respectively. HLE Glascoat's EBIT is ₹831.2M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹454.7M.
Key information
78.4%
Debt to equity ratio
₹3.90b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹454.69m |
| Equity | ₹4.97b |
| Total liabilities | ₹7.05b |
| Total assets | ₹12.02b |
Recent financial health updates
No updates
Recent updates
HLE Glascoat (NSE:HLEGLAS) Will Pay A Dividend Of ₹1.10
Sep 05
HLE Glascoat's (NSE:HLEGLAS) Returns Have Hit A Wall
Apr 04HLE Glascoat (NSE:HLEGLAS) Is Investing Its Capital With Increasing Efficiency
Sep 27Investors Shouldn't Overlook HLE Glascoat's (NSE:HLEGLAS) Impressive Returns On Capital
Jun 06HLE Glascoat (NSE:HLEGLAS) Could Become A Multi-Bagger
Sep 03Do HLE Glascoat's (NSE:HLEGLAS) Earnings Warrant Your Attention?
Aug 05HLE Glascoat's (NSE:HLEGLAS) Solid Profits Have Weak Fundamentals
Nov 20Earnings Tell The Story For HLE Glascoat Limited (NSE:HLEGLAS) As Its Stock Soars 25%
Mar 24Is Weakness In HLE Glascoat Limited (NSE:HLEGLAS) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Mar 19Financial Position Analysis
Short Term Liabilities: HLEGLAS's short term assets (₹6.2B) exceed its short term liabilities (₹4.9B).
Long Term Liabilities: HLEGLAS's short term assets (₹6.2B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: HLEGLAS's net debt to equity ratio (69.3%) is considered high.
Reducing Debt: HLEGLAS's debt to equity ratio has increased from 34.5% to 78.4% over the past 5 years.
Debt Coverage: HLEGLAS's debt is well covered by operating cash flow (24.2%).
Interest Coverage: HLEGLAS's interest payments on its debt are not well covered by EBIT (2.4x coverage).