Vinyoflex Balance Sheet Health
Financial Health criteria checks 6/6
Vinyoflex has a total shareholder equity of ₹280.6M and total debt of ₹11.5M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ₹318.3M and ₹37.7M respectively. Vinyoflex's EBIT is ₹55.5M making its interest coverage ratio 29. It has cash and short-term investments of ₹66.2M.
Key information
4.1%
Debt to equity ratio
₹11.52m
Debt
Interest coverage ratio | 29x |
Cash | ₹66.18m |
Equity | ₹280.57m |
Total liabilities | ₹37.70m |
Total assets | ₹318.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530401's short term assets (₹249.8M) exceed its short term liabilities (₹35.0M).
Long Term Liabilities: 530401's short term assets (₹249.8M) exceed its long term liabilities (₹2.7M).
Debt to Equity History and Analysis
Debt Level: 530401 has more cash than its total debt.
Reducing Debt: 530401's debt to equity ratio has reduced from 10% to 4.1% over the past 5 years.
Debt Coverage: 530401's debt is well covered by operating cash flow (139.4%).
Interest Coverage: 530401's interest payments on its debt are well covered by EBIT (29x coverage).