Polyspin Exports Balance Sheet Health
Financial Health criteria checks 3/6
Polyspin Exports has a total shareholder equity of ₹613.7M and total debt of ₹871.7M, which brings its debt-to-equity ratio to 142%. Its total assets and total liabilities are ₹1.8B and ₹1.2B respectively. Polyspin Exports's EBIT is ₹18.0M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹91.6M.
Key information
142.0%
Debt to equity ratio
₹871.69m
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₹91.61m |
| Equity | ₹613.66m |
| Total liabilities | ₹1.16b |
| Total assets | ₹1.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539354's short term assets (₹1.1B) exceed its short term liabilities (₹941.5M).
Long Term Liabilities: 539354's short term assets (₹1.1B) exceed its long term liabilities (₹215.7M).
Debt to Equity History and Analysis
Debt Level: 539354's net debt to equity ratio (127.1%) is considered high.
Reducing Debt: 539354's debt to equity ratio has reduced from 161.3% to 142% over the past 5 years.
Debt Coverage: 539354's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539354's interest payments on its debt are not well covered by EBIT (0.5x coverage).