TPL Plastech Balance Sheet Health
Financial Health criteria checks 6/6
TPL Plastech has a total shareholder equity of ₹1.3B and total debt of ₹227.5M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹2.3B and ₹977.8M respectively. TPL Plastech's EBIT is ₹326.3M making its interest coverage ratio 7.7. It has cash and short-term investments of ₹69.2M.
Key information
17.0%
Debt to equity ratio
₹227.49m
Debt
| Interest coverage ratio | 7.7x |
| Cash | ₹69.18m |
| Equity | ₹1.34b |
| Total liabilities | ₹977.78m |
| Total assets | ₹2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526582's short term assets (₹1.3B) exceed its short term liabilities (₹775.2M).
Long Term Liabilities: 526582's short term assets (₹1.3B) exceed its long term liabilities (₹202.6M).
Debt to Equity History and Analysis
Debt Level: 526582's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: 526582's debt to equity ratio has reduced from 47.3% to 17% over the past 5 years.
Debt Coverage: 526582's debt is well covered by operating cash flow (164%).
Interest Coverage: 526582's interest payments on its debt are well covered by EBIT (7.7x coverage).