Purv Flexipack Balance Sheet Health
Financial Health criteria checks 2/6
Purv Flexipack has a total shareholder equity of ₹1.5B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 124.4%. Its total assets and total liabilities are ₹3.9B and ₹2.4B respectively. Purv Flexipack's EBIT is ₹296.3M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹21.6M.
Key information
124.4%
Debt to equity ratio
₹1.90b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹21.55m |
| Equity | ₹1.52b |
| Total liabilities | ₹2.40b |
| Total assets | ₹3.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PURVFLEXI's short term assets (₹2.3B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: PURVFLEXI's short term assets (₹2.3B) exceed its long term liabilities (₹730.0M).
Debt to Equity History and Analysis
Debt Level: PURVFLEXI's net debt to equity ratio (123%) is considered high.
Reducing Debt: Insufficient data to determine if PURVFLEXI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PURVFLEXI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PURVFLEXI's interest payments on its debt are not well covered by EBIT (2.1x coverage).