Axel Polymers Balance Sheet Health
Financial Health criteria checks 3/6
Axel Polymers has a total shareholder equity of ₹149.9M and total debt of ₹256.7M, which brings its debt-to-equity ratio to 171.2%. Its total assets and total liabilities are ₹644.8M and ₹494.9M respectively. Axel Polymers's EBIT is ₹39.3M making its interest coverage ratio 1.4. It has cash and short-term investments of ₹10.3M.
Key information
171.2%
Debt to equity ratio
₹256.69m
Debt
| Interest coverage ratio | 1.4x |
| Cash | ₹10.26m |
| Equity | ₹149.90m |
| Total liabilities | ₹494.86m |
| Total assets | ₹644.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513642's short term assets (₹517.7M) exceed its short term liabilities (₹420.7M).
Long Term Liabilities: 513642's short term assets (₹517.7M) exceed its long term liabilities (₹74.2M).
Debt to Equity History and Analysis
Debt Level: 513642's net debt to equity ratio (164.4%) is considered high.
Reducing Debt: 513642's debt to equity ratio has reduced from 391.1% to 171.2% over the past 5 years.
Debt Coverage: 513642's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: 513642's interest payments on its debt are not well covered by EBIT (1.4x coverage).