Axel Polymers Balance Sheet Health
Financial Health criteria checks 3/6
Axel Polymers has a total shareholder equity of ₹145.5M and total debt of ₹264.2M, which brings its debt-to-equity ratio to 181.6%. Its total assets and total liabilities are ₹620.7M and ₹475.2M respectively. Axel Polymers's EBIT is ₹57.4M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹13.0M.
Key information
181.6%
Debt to equity ratio
₹264.19m
Debt
Interest coverage ratio | 2.2x |
Cash | ₹12.99m |
Equity | ₹145.51m |
Total liabilities | ₹475.23m |
Total assets | ₹620.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513642's short term assets (₹491.7M) exceed its short term liabilities (₹400.3M).
Long Term Liabilities: 513642's short term assets (₹491.7M) exceed its long term liabilities (₹74.9M).
Debt to Equity History and Analysis
Debt Level: 513642's net debt to equity ratio (172.6%) is considered high.
Reducing Debt: 513642's debt to equity ratio has reduced from 383.6% to 181.6% over the past 5 years.
Debt Coverage: 513642's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 513642's interest payments on its debt are not well covered by EBIT (2.2x coverage).