Shree Ganesh Elastoplast Balance Sheet Health
Financial Health criteria checks 4/6
Shree Ganesh Elastoplast has a total shareholder equity of ₹70.2M and total debt of ₹10.1M, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are ₹91.1M and ₹20.8M respectively. Shree Ganesh Elastoplast's EBIT is ₹26.0M making its interest coverage ratio 28.7. It has cash and short-term investments of ₹3.2M.
Key information
14.3%
Debt to equity ratio
₹10.06m
Debt
| Interest coverage ratio | 28.7x |
| Cash | ₹3.19m |
| Equity | ₹70.24m |
| Total liabilities | ₹20.84m |
| Total assets | ₹91.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530797's short term assets (₹85.2M) exceed its short term liabilities (₹11.5M).
Long Term Liabilities: 530797's short term assets (₹85.2M) exceed its long term liabilities (₹9.4M).
Debt to Equity History and Analysis
Debt Level: 530797's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: 530797's debt to equity ratio has increased from 3% to 14.3% over the past 5 years.
Debt Coverage: 530797's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530797's interest payments on its debt are well covered by EBIT (28.7x coverage).