Axel Polymers Balance Sheet Health
Financial Health criteria checks 3/6
Axel Polymers has a total shareholder equity of ₹136.4M and total debt of ₹339.3M, which brings its debt-to-equity ratio to 248.7%. Its total assets and total liabilities are ₹662.3M and ₹525.9M respectively. Axel Polymers's EBIT is ₹26.7M making its interest coverage ratio 1.1. It has cash and short-term investments of ₹10.1M.
Key information
248.7%
Debt to equity ratio
₹339.27m
Debt
| Interest coverage ratio | 1.1x |
| Cash | ₹10.07m |
| Equity | ₹136.40m |
| Total liabilities | ₹525.88m |
| Total assets | ₹662.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513642's short term assets (₹534.9M) exceed its short term liabilities (₹456.0M).
Long Term Liabilities: 513642's short term assets (₹534.9M) exceed its long term liabilities (₹69.8M).
Debt to Equity History and Analysis
Debt Level: 513642's net debt to equity ratio (241.3%) is considered high.
Reducing Debt: 513642's debt to equity ratio has reduced from 383.4% to 248.7% over the past 5 years.
Debt Coverage: 513642's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 513642's interest payments on its debt are not well covered by EBIT (1.1x coverage).