Shaily Engineering Plastics Balance Sheet Health
Financial Health criteria checks 6/6
Shaily Engineering Plastics has a total shareholder equity of ₹4.6B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are ₹7.8B and ₹3.2B respectively. Shaily Engineering Plastics's EBIT is ₹812.5M making its interest coverage ratio 4.5. It has cash and short-term investments of ₹263.6M.
Key information
45.4%
Debt to equity ratio
₹2.08b
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₹263.62m |
| Equity | ₹4.59b |
| Total liabilities | ₹3.23b |
| Total assets | ₹7.82b |
Recent financial health updates
Shaily Engineering Plastics (NSE:SHAILY) Seems To Use Debt Quite Sensibly
Jun 20
Here's Why Shaily Engineering Plastics (NSE:SHAILY) Can Manage Its Debt Responsibly
Mar 14Recent updates
What Shaily Engineering Plastics Limited's (NSE:SHAILY) 27% Share Price Gain Is Not Telling You
Jun 28Shaily Engineering Plastics (NSE:SHAILY) Seems To Use Debt Quite Sensibly
Jun 20Shaily Engineering Plastics Limited's (NSE:SHAILY) 27% Price Boost Is Out Of Tune With Earnings
Apr 20What Is Shaily Engineering Plastics Limited's (NSE:SHAILY) Share Price Doing?
Apr 09Here's Why Shaily Engineering Plastics (NSE:SHAILY) Can Manage Its Debt Responsibly
Mar 14Shaily Engineering Plastics Limited's (NSE:SHAILY) 25% Price Boost Is Out Of Tune With Earnings
Feb 12Calculating The Intrinsic Value Of Shaily Engineering Plastics Limited (NSE:SHAILY)
Nov 29There Are Reasons To Feel Uneasy About Shaily Engineering Plastics' (NSE:SHAILY) Returns On Capital
May 20Robust Earnings May Not Tell The Whole Story For Shaily Engineering Plastics (NSE:SHAILY)
Jun 07Shaily Engineering Plastics Limited's (NSE:SHAILY) Popularity With Investors Is Under Threat From Overpricing
Apr 06Financial Position Analysis
Short Term Liabilities: SHAILY's short term assets (₹2.7B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: SHAILY's short term assets (₹2.7B) exceed its long term liabilities (₹940.6M).
Debt to Equity History and Analysis
Debt Level: SHAILY's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: SHAILY's debt to equity ratio has reduced from 88% to 45.4% over the past 5 years.
Debt Coverage: SHAILY's debt is well covered by operating cash flow (44.3%).
Interest Coverage: SHAILY's interest payments on its debt are well covered by EBIT (4.5x coverage).