Vippy Spinpro Balance Sheet Health
Financial Health criteria checks 3/6
Vippy Spinpro has a total shareholder equity of ₹812.4M and total debt of ₹519.3M, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are ₹1.4B and ₹605.6M respectively. Vippy Spinpro's EBIT is ₹140.1M making its interest coverage ratio 5.2. It has cash and short-term investments of ₹106.0K.
Key information
63.9%
Debt to equity ratio
₹519.32m
Debt
| Interest coverage ratio | 5.2x |
| Cash | ₹106.00k |
| Equity | ₹812.39m |
| Total liabilities | ₹605.60m |
| Total assets | ₹1.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514302's short term assets (₹803.8M) exceed its short term liabilities (₹352.4M).
Long Term Liabilities: 514302's short term assets (₹803.8M) exceed its long term liabilities (₹253.2M).
Debt to Equity History and Analysis
Debt Level: 514302's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 514302's debt to equity ratio has increased from 4.6% to 63.9% over the past 5 years.
Debt Coverage: 514302's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 514302's interest payments on its debt are well covered by EBIT (5.2x coverage).