TCPL Packaging Balance Sheet Health
Financial Health criteria checks 5/6
TCPL Packaging has a total shareholder equity of ₹4.8B and total debt of ₹5.8B, which brings its debt-to-equity ratio to 122.4%. Its total assets and total liabilities are ₹13.4B and ₹8.6B respectively. TCPL Packaging's EBIT is ₹1.8B making its interest coverage ratio 3.5. It has cash and short-term investments of ₹447.0M.
Key information
122.4%
Debt to equity ratio
₹5.85b
Debt
Interest coverage ratio | 3.5x |
Cash | ₹446.99m |
Equity | ₹4.78b |
Total liabilities | ₹8.59b |
Total assets | ₹13.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523301's short term assets (₹6.4B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: 523301's short term assets (₹6.4B) exceed its long term liabilities (₹3.3B).
Debt to Equity History and Analysis
Debt Level: 523301's net debt to equity ratio (113%) is considered high.
Reducing Debt: 523301's debt to equity ratio has reduced from 139% to 122.4% over the past 5 years.
Debt Coverage: 523301's debt is well covered by operating cash flow (24.2%).
Interest Coverage: 523301's interest payments on its debt are well covered by EBIT (3.5x coverage).