Vippy Spinpro Balance Sheet Health
Financial Health criteria checks 3/6
Vippy Spinpro has a total shareholder equity of ₹723.3M and total debt of ₹235.4M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ₹1.1B and ₹404.9M respectively. Vippy Spinpro's EBIT is ₹39.9M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹30.1M.
Key information
32.5%
Debt to equity ratio
₹235.43m
Debt
Interest coverage ratio | 2.7x |
Cash | ₹30.10m |
Equity | ₹723.32m |
Total liabilities | ₹404.92m |
Total assets | ₹1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514302's short term assets (₹539.9M) exceed its short term liabilities (₹157.9M).
Long Term Liabilities: 514302's short term assets (₹539.9M) exceed its long term liabilities (₹247.1M).
Debt to Equity History and Analysis
Debt Level: 514302's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: 514302's debt to equity ratio has increased from 6.8% to 32.5% 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 not well covered by EBIT (2.7x coverage).