Shubham Polyspin Balance Sheet Health
Financial Health criteria checks 4/6
Shubham Polyspin has a total shareholder equity of ₹153.3M and total debt of ₹90.0M, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are ₹281.7M and ₹128.4M respectively. Shubham Polyspin's EBIT is ₹17.8M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹20.6M.
Key information
58.7%
Debt to equity ratio
₹89.98m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹20.65m |
| Equity | ₹153.32m |
| Total liabilities | ₹128.36m |
| Total assets | ₹281.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542019's short term assets (₹116.8M) exceed its short term liabilities (₹85.9M).
Long Term Liabilities: 542019's short term assets (₹116.8M) exceed its long term liabilities (₹42.5M).
Debt to Equity History and Analysis
Debt Level: 542019's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: 542019's debt to equity ratio has reduced from 87.3% to 58.7% over the past 5 years.
Debt Coverage: 542019's debt is well covered by operating cash flow (55.9%).
Interest Coverage: 542019's interest payments on its debt are not well covered by EBIT (2.6x coverage).