Hindustan Adhesives Balance Sheet Health
Financial Health criteria checks 5/6
Hindustan Adhesives has a total shareholder equity of ₹678.3M and total debt of ₹559.7M, which brings its debt-to-equity ratio to 82.5%. Its total assets and total liabilities are ₹1.7B and ₹1.0B respectively. Hindustan Adhesives's EBIT is ₹203.1M making its interest coverage ratio 5.1. It has cash and short-term investments of ₹14.1M.
Key information
82.5%
Debt to equity ratio
₹559.70m
Debt
Interest coverage ratio | 5.1x |
Cash | ₹14.10m |
Equity | ₹678.30m |
Total liabilities | ₹1.00b |
Total assets | ₹1.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514428's short term assets (₹868.7M) exceed its short term liabilities (₹844.8M).
Long Term Liabilities: 514428's short term assets (₹868.7M) exceed its long term liabilities (₹157.9M).
Debt to Equity History and Analysis
Debt Level: 514428's net debt to equity ratio (80.4%) is considered high.
Reducing Debt: 514428's debt to equity ratio has reduced from 183.1% to 82.5% over the past 5 years.
Debt Coverage: 514428's debt is well covered by operating cash flow (66.5%).
Interest Coverage: 514428's interest payments on its debt are well covered by EBIT (5.1x coverage).