Visagar Polytex Balance Sheet Health
Financial Health criteria checks 3/6
Visagar Polytex has a total shareholder equity of ₹27.9M and total debt of ₹65.0M, which brings its debt-to-equity ratio to 232.5%. Its total assets and total liabilities are ₹93.7M and ₹65.7M respectively.
Key information
232.5%
Debt to equity ratio
₹64.96m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹4.00k |
| Equity | ₹27.94m |
| Total liabilities | ₹65.71m |
| Total assets | ₹93.65m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VIVIDHA's short term assets (₹63.8M) exceed its short term liabilities (₹757.0K).
Long Term Liabilities: VIVIDHA's short term assets (₹63.8M) do not cover its long term liabilities (₹65.0M).
Debt to Equity History and Analysis
Debt Level: VIVIDHA's net debt to equity ratio (232.5%) is considered high.
Reducing Debt: VIVIDHA's debt to equity ratio has increased from 26.6% to 232.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable VIVIDHA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VIVIDHA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 65.9% per year.