Ambitious Plastomac Balance Sheet Health
Financial Health criteria checks 1/6
Ambitious Plastomac has a total shareholder equity of ₹-8.7M and total debt of ₹9.5M, which brings its debt-to-equity ratio to -108.7%. Its total assets and total liabilities are ₹1.3M and ₹10.0M respectively. Ambitious Plastomac's EBIT is ₹6.0K making its interest coverage ratio 6. It has cash and short-term investments of ₹332.0K.
Key information
-108.7%
Debt to equity ratio
₹9.49m
Debt
Interest coverage ratio | 6x |
Cash | ₹332.00k |
Equity | -₹8.73m |
Total liabilities | ₹10.02m |
Total assets | ₹1.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526439 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 526439 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 526439 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 526439's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 526439's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526439's interest payments on its debt are well covered by EBIT (6x coverage).