Plaza Wires Balance Sheet Health
Financial Health criteria checks 4/6
Plaza Wires has a total shareholder equity of ₹1.2B and total debt of ₹413.1M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ₹1.7B and ₹532.5M respectively. Plaza Wires's EBIT is ₹84.5M making its interest coverage ratio 2. It has cash and short-term investments of ₹336.2M.
Key information
34.6%
Debt to equity ratio
₹413.08m
Debt
| Interest coverage ratio | 2x |
| Cash | ₹336.20m |
| Equity | ₹1.20b |
| Total liabilities | ₹532.53m |
| Total assets | ₹1.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PLAZACABLE's short term assets (₹1.4B) exceed its short term liabilities (₹486.6M).
Long Term Liabilities: PLAZACABLE's short term assets (₹1.4B) exceed its long term liabilities (₹45.9M).
Debt to Equity History and Analysis
Debt Level: PLAZACABLE's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: PLAZACABLE's debt to equity ratio has reduced from 103.1% to 34.6% over the past 5 years.
Debt Coverage: PLAZACABLE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PLAZACABLE's interest payments on its debt are not well covered by EBIT (2x coverage).