TPL Plastech Balance Sheet Health
Financial Health criteria checks 6/6
TPL Plastech has a total shareholder equity of ₹1.2B and total debt of ₹439.8M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are ₹2.4B and ₹1.2B respectively. TPL Plastech's EBIT is ₹282.7M making its interest coverage ratio 6.6. It has cash and short-term investments of ₹61.2M.
Key information
37.1%
Debt to equity ratio
₹439.76m
Debt
Interest coverage ratio | 6.6x |
Cash | ₹61.22m |
Equity | ₹1.19b |
Total liabilities | ₹1.20b |
Total assets | ₹2.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526582's short term assets (₹1.5B) exceed its short term liabilities (₹931.0M).
Long Term Liabilities: 526582's short term assets (₹1.5B) exceed its long term liabilities (₹264.1M).
Debt to Equity History and Analysis
Debt Level: 526582's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 526582's debt to equity ratio has reduced from 74.8% to 37.1% over the past 5 years.
Debt Coverage: 526582's debt is well covered by operating cash flow (39.9%).
Interest Coverage: 526582's interest payments on its debt are well covered by EBIT (6.6x coverage).