Polytex India Balance Sheet Health
Financial Health criteria checks 2/6
Polytex India has a total shareholder equity of ₹26.7M and total debt of ₹1.2M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are ₹29.7M and ₹3.0M respectively.
Key information
4.3%
Debt to equity ratio
₹1.16m
Debt
Interest coverage ratio | n/a |
Cash | ₹724.00k |
Equity | ₹26.72m |
Total liabilities | ₹3.00m |
Total assets | ₹29.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512481's short term assets (₹1.1M) do not cover its short term liabilities (₹2.8M).
Long Term Liabilities: 512481's short term assets (₹1.1M) exceed its long term liabilities (₹224.0K).
Debt to Equity History and Analysis
Debt Level: 512481's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 512481's debt to equity ratio has increased from 0% to 4.3% 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.