Purity Flexpack Balance Sheet Health
Financial Health criteria checks 3/6
Purity Flexpack has a total shareholder equity of ₹335.3M and total debt of ₹175.2M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are ₹755.1M and ₹419.8M respectively. Purity Flexpack's EBIT is ₹33.1M making its interest coverage ratio 1.8. It has cash and short-term investments of ₹1.8M.
Key information
52.3%
Debt to equity ratio
₹175.21m
Debt
| Interest coverage ratio | 1.8x |
| Cash | ₹1.84m |
| Equity | ₹335.32m |
| Total liabilities | ₹419.77m |
| Total assets | ₹755.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523315's short term assets (₹312.1M) do not cover its short term liabilities (₹312.6M).
Long Term Liabilities: 523315's short term assets (₹312.1M) exceed its long term liabilities (₹107.2M).
Debt to Equity History and Analysis
Debt Level: 523315's net debt to equity ratio (51.7%) is considered high.
Reducing Debt: 523315's debt to equity ratio has reduced from 69.9% to 52.3% over the past 5 years.
Debt Coverage: 523315's debt is well covered by operating cash flow (46.7%).
Interest Coverage: 523315's interest payments on its debt are not well covered by EBIT (1.8x coverage).