Kanpur Plastipack Balance Sheet Health
Financial Health criteria checks 2/6
Kanpur Plastipack has a total shareholder equity of ₹1.8B and total debt of ₹2.2B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are ₹4.8B and ₹3.0B respectively. Kanpur Plastipack's EBIT is ₹21.9M making its interest coverage ratio 0.1. It has cash and short-term investments of ₹35.0M.
Key information
124.5%
Debt to equity ratio
₹2.24b
Debt
| Interest coverage ratio | 0.1x |
| Cash | ₹35.05m |
| Equity | ₹1.80b |
| Total liabilities | ₹2.96b |
| Total assets | ₹4.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 507779's short term assets (₹1.9B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 507779's short term assets (₹1.9B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: 507779's net debt to equity ratio (122.6%) is considered high.
Reducing Debt: 507779's debt to equity ratio has increased from 95.5% to 124.5% over the past 5 years.
Debt Coverage: 507779's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 507779's interest payments on its debt are not well covered by EBIT (0.1x coverage).