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 ₹216.3M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ₹1.5B and ₹323.6M respectively. Plaza Wires's EBIT is ₹45.5M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹84.2M.
Key information
18.0%
Debt to equity ratio
₹216.28m
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹84.22m |
| Equity | ₹1.20b |
| Total liabilities | ₹323.63m |
| Total assets | ₹1.53b |
Financial Position Analysis
Short Term Liabilities: PLAZACABLE's short term assets (₹1.1B) exceed its short term liabilities (₹282.7M).
Long Term Liabilities: PLAZACABLE's short term assets (₹1.1B) exceed its long term liabilities (₹41.0M).
Debt to Equity History and Analysis
Debt Level: PLAZACABLE's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: PLAZACABLE's debt to equity ratio has reduced from 102.9% to 18% 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 (1.9x coverage).