Advance Petrochemicals Balance Sheet Health
Financial Health criteria checks 4/6
Advance Petrochemicals has a total shareholder equity of ₹35.7M and total debt of ₹73.8M, which brings its debt-to-equity ratio to 206.5%. Its total assets and total liabilities are ₹171.1M and ₹135.4M respectively. Advance Petrochemicals's EBIT is ₹3.2M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹143.0K.
Key information
206.5%
Debt to equity ratio
₹73.80m
Debt
Interest coverage ratio | 0.4x |
Cash | ₹143.00k |
Equity | ₹35.73m |
Total liabilities | ₹135.41m |
Total assets | ₹171.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506947's short term assets (₹113.2M) exceed its short term liabilities (₹113.2M).
Long Term Liabilities: 506947's short term assets (₹113.2M) exceed its long term liabilities (₹22.2M).
Debt to Equity History and Analysis
Debt Level: 506947's net debt to equity ratio (206.1%) is considered high.
Reducing Debt: 506947's debt to equity ratio has reduced from 332.7% to 206.5% over the past 5 years.
Debt Coverage: 506947's debt is well covered by operating cash flow (33.8%).
Interest Coverage: 506947's interest payments on its debt are not well covered by EBIT (0.4x coverage).