Polysil Irrigation Systems Balance Sheet Health
Financial Health criteria checks 3/6
Polysil Irrigation Systems has a total shareholder equity of ₹165.6M and total debt of ₹153.4M, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are ₹568.6M and ₹403.0M respectively. Polysil Irrigation Systems's EBIT is ₹44.9M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹5.1M.
Key information
92.6%
Debt to equity ratio
₹153.41m
Debt
Interest coverage ratio | 3.2x |
Cash | ₹5.09m |
Equity | ₹165.59m |
Total liabilities | ₹402.99m |
Total assets | ₹568.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POLYSIL's short term assets (₹474.2M) exceed its short term liabilities (₹350.2M).
Long Term Liabilities: POLYSIL's short term assets (₹474.2M) exceed its long term liabilities (₹52.8M).
Debt to Equity History and Analysis
Debt Level: POLYSIL's net debt to equity ratio (89.6%) 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 debt is not well covered by operating cash flow (13%).
Interest Coverage: POLYSIL's interest payments on its debt are well covered by EBIT (3.2x coverage).