Polysil Irrigation Systems Balance Sheet Health
Financial Health criteria checks 3/6
Polysil Irrigation Systems has a total shareholder equity of ₹249.7M and total debt of ₹167.0M, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are ₹784.8M and ₹535.2M respectively. Polysil Irrigation Systems's EBIT is ₹49.2M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹14.2M.
Key information
66.9%
Debt to equity ratio
₹167.03m
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹14.23m |
| Equity | ₹249.67m |
| Total liabilities | ₹535.16m |
| Total assets | ₹784.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POLYSIL's short term assets (₹692.3M) exceed its short term liabilities (₹487.3M).
Long Term Liabilities: POLYSIL's short term assets (₹692.3M) exceed its long term liabilities (₹47.8M).
Debt to Equity History and Analysis
Debt Level: POLYSIL's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: Insufficient data to determine if POLYSIL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: POLYSIL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: POLYSIL's interest payments on its debt are well covered by EBIT (3.6x coverage).