Polytex India Balance Sheet Health
Financial Health criteria checks 2/6
Polytex India has a total shareholder equity of ₹25.3M and total debt of ₹1.8M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are ₹29.2M and ₹3.9M respectively.
Key information
7.2%
Debt to equity ratio
₹1.82m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹488.00k |
| Equity | ₹25.28m |
| Total liabilities | ₹3.95m |
| Total assets | ₹29.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512481's short term assets (₹659.0K) do not cover its short term liabilities (₹3.7M).
Long Term Liabilities: 512481's short term assets (₹659.0K) exceed its long term liabilities (₹252.0K).
Debt to Equity History and Analysis
Debt Level: 512481's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 512481's debt to equity ratio has increased from 0% to 7.2% over the past 5 years.
Debt Coverage: 512481's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 512481's interest payments on its debt are well covered by EBIT.