Shubham Polyspin Balance Sheet Health
Financial Health criteria checks 4/6
Shubham Polyspin has a total shareholder equity of ₹149.1M and total debt of ₹89.5M, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are ₹300.9M and ₹151.8M respectively. Shubham Polyspin's EBIT is ₹18.6M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹3.7M.
Key information
60.1%
Debt to equity ratio
₹89.52m
Debt
Interest coverage ratio | 2.5x |
Cash | ₹3.65m |
Equity | ₹149.07m |
Total liabilities | ₹151.80m |
Total assets | ₹300.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542019's short term assets (₹131.3M) exceed its short term liabilities (₹107.9M).
Long Term Liabilities: 542019's short term assets (₹131.3M) exceed its long term liabilities (₹43.9M).
Debt to Equity History and Analysis
Debt Level: 542019's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: 542019's debt to equity ratio has reduced from 109.5% to 60.1% over the past 5 years.
Debt Coverage: 542019's debt is well covered by operating cash flow (71.5%).
Interest Coverage: 542019's interest payments on its debt are not well covered by EBIT (2.5x coverage).