Silkflex Polymers (India) Balance Sheet Health
Financial Health criteria checks 3/6
Silkflex Polymers (India) has a total shareholder equity of ₹122.6M and total debt of ₹169.2M, which brings its debt-to-equity ratio to 138%. Its total assets and total liabilities are ₹389.2M and ₹266.6M respectively. Silkflex Polymers (India)'s EBIT is ₹66.6M making its interest coverage ratio 4.9. It has cash and short-term investments of ₹594.0K.
Key information
138.0%
Debt to equity ratio
₹169.21m
Debt
| Interest coverage ratio | 4.9x |
| Cash | ₹594.00k |
| Equity | ₹122.60m |
| Total liabilities | ₹266.62m |
| Total assets | ₹389.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SILKFLEX's short term assets (₹245.7M) do not cover its short term liabilities (₹257.0M).
Long Term Liabilities: SILKFLEX's short term assets (₹245.7M) exceed its long term liabilities (₹9.6M).
Debt to Equity History and Analysis
Debt Level: SILKFLEX's net debt to equity ratio (137.5%) is considered high.
Reducing Debt: Insufficient data to determine if SILKFLEX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SILKFLEX's debt is well covered by operating cash flow (27.9%).
Interest Coverage: SILKFLEX's interest payments on its debt are well covered by EBIT (4.9x coverage).