HCP Plastene Bulkpack Balance Sheet Health
Financial Health criteria checks 2/6
HCP Plastene Bulkpack has a total shareholder equity of ₹653.6M and total debt of ₹1.6B, which brings its debt-to-equity ratio to 241.6%. Its total assets and total liabilities are ₹2.3B and ₹1.7B respectively. HCP Plastene Bulkpack's EBIT is ₹147.0M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹8.0M.
Key information
241.6%
Debt to equity ratio
₹1.58b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₹8.02m |
| Equity | ₹653.61m |
| Total liabilities | ₹1.67b |
| Total assets | ₹2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526717's short term assets (₹1.2B) do not cover its short term liabilities (₹1.2B).
Long Term Liabilities: 526717's short term assets (₹1.2B) exceed its long term liabilities (₹487.9M).
Debt to Equity History and Analysis
Debt Level: 526717's net debt to equity ratio (240.3%) is considered high.
Reducing Debt: 526717 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 526717's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526717's interest payments on its debt are not well covered by EBIT (1.2x coverage).