National Plastic Industries Balance Sheet Health
Financial Health criteria checks 5/6
National Plastic Industries has a total shareholder equity of ₹375.1M and total debt of ₹335.9M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are ₹854.4M and ₹479.3M respectively. National Plastic Industries's EBIT is ₹83.4M making its interest coverage ratio 4. It has cash and short-term investments of ₹1.5M.
Key information
89.5%
Debt to equity ratio
₹335.88m
Debt
Interest coverage ratio | 4x |
Cash | ₹1.50m |
Equity | ₹375.09m |
Total liabilities | ₹479.33m |
Total assets | ₹854.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526616's short term assets (₹495.1M) exceed its short term liabilities (₹259.9M).
Long Term Liabilities: 526616's short term assets (₹495.1M) exceed its long term liabilities (₹219.4M).
Debt to Equity History and Analysis
Debt Level: 526616's net debt to equity ratio (89.1%) is considered high.
Reducing Debt: 526616's debt to equity ratio has reduced from 154.4% to 89.5% over the past 5 years.
Debt Coverage: 526616's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 526616's interest payments on its debt are well covered by EBIT (4x coverage).