Hindustan Adhesives Balance Sheet Health
Financial Health criteria checks 3/6
Hindustan Adhesives has a total shareholder equity of ₹831.8M and total debt of ₹874.1M, which brings its debt-to-equity ratio to 105.1%. Its total assets and total liabilities are ₹2.2B and ₹1.4B respectively. Hindustan Adhesives's EBIT is ₹239.7M making its interest coverage ratio 5.9. It has cash and short-term investments of ₹17.2M.
Key information
105.1%
Debt to equity ratio
₹874.10m
Debt
| Interest coverage ratio | 5.9x |
| Cash | ₹17.20m |
| Equity | ₹831.80m |
| Total liabilities | ₹1.39b |
| Total assets | ₹2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514428's short term assets (₹958.3M) do not cover its short term liabilities (₹997.8M).
Long Term Liabilities: 514428's short term assets (₹958.3M) exceed its long term liabilities (₹388.2M).
Debt to Equity History and Analysis
Debt Level: 514428's net debt to equity ratio (103%) is considered high.
Reducing Debt: 514428's debt to equity ratio has reduced from 161.2% to 105.1% over the past 5 years.
Debt Coverage: 514428's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 514428's interest payments on its debt are well covered by EBIT (5.9x coverage).