Ambitious Plastomac Balance Sheet Health
Financial Health criteria checks 1/6
Ambitious Plastomac has a total shareholder equity of ₹-7.3M and total debt of ₹7.8M, which brings its debt-to-equity ratio to -105.9%. Its total assets and total liabilities are ₹6.8M and ₹14.1M respectively. Ambitious Plastomac's EBIT is ₹1.1M making its interest coverage ratio 377.7. It has cash and short-term investments of ₹301.0K.
Key information
-105.9%
Debt to equity ratio
₹7.77m
Debt
| Interest coverage ratio | 377.7x |
| Cash | ₹301.00k |
| Equity | -₹7.33m |
| Total liabilities | ₹14.15m |
| Total assets | ₹6.81m |
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 (377.7x coverage).