Indian Acrylics Balance Sheet Health
Financial Health criteria checks 2/6
Indian Acrylics has a total shareholder equity of ₹585.8M and total debt of ₹1.8B, which brings its debt-to-equity ratio to 309.1%. Its total assets and total liabilities are ₹4.7B and ₹4.1B respectively. Indian Acrylics's EBIT is ₹68.6M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹103.7M.
Key information
309.1%
Debt to equity ratio
₹1.81b
Debt
Interest coverage ratio | 0.4x |
Cash | ₹103.66m |
Equity | ₹585.76m |
Total liabilities | ₹4.07b |
Total assets | ₹4.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514165's short term assets (₹2.3B) do not cover its short term liabilities (₹2.7B).
Long Term Liabilities: 514165's short term assets (₹2.3B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 514165's net debt to equity ratio (291.4%) is considered high.
Reducing Debt: 514165's debt to equity ratio has increased from 158.8% to 309.1% over the past 5 years.
Debt Coverage: 514165's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 514165's interest payments on its debt are not well covered by EBIT (0.4x coverage).