Plastiblends India Balance Sheet Health
Financial Health criteria checks 6/6
Plastiblends India has a total shareholder equity of ₹4.0B and total debt of ₹152.6M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ₹5.1B and ₹1.1B respectively. Plastiblends India's EBIT is ₹415.0M making its interest coverage ratio 128.3. It has cash and short-term investments of ₹319.8M.
Key information
3.8%
Debt to equity ratio
₹152.61m
Debt
Interest coverage ratio | 128.3x |
Cash | ₹319.81m |
Equity | ₹3.98b |
Total liabilities | ₹1.14b |
Total assets | ₹5.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523648's short term assets (₹2.9B) exceed its short term liabilities (₹796.4M).
Long Term Liabilities: 523648's short term assets (₹2.9B) exceed its long term liabilities (₹341.7M).
Debt to Equity History and Analysis
Debt Level: 523648 has more cash than its total debt.
Reducing Debt: 523648's debt to equity ratio has reduced from 43.5% to 3.8% over the past 5 years.
Debt Coverage: 523648's debt is well covered by operating cash flow (416.5%).
Interest Coverage: 523648's interest payments on its debt are well covered by EBIT (128.3x coverage).