Commercial Syn Bags Balance Sheet Health
Financial Health criteria checks 4/6
Commercial Syn Bags has a total shareholder equity of ₹1.3B and total debt of ₹818.2M, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are ₹2.4B and ₹1.1B respectively. Commercial Syn Bags's EBIT is ₹155.7M making its interest coverage ratio 2.9. It has cash and short-term investments of ₹54.3M.
Key information
65.2%
Debt to equity ratio
₹818.18m
Debt
Interest coverage ratio | 2.9x |
Cash | ₹54.26m |
Equity | ₹1.25b |
Total liabilities | ₹1.11b |
Total assets | ₹2.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539986's short term assets (₹1.1B) exceed its short term liabilities (₹684.2M).
Long Term Liabilities: 539986's short term assets (₹1.1B) exceed its long term liabilities (₹421.0M).
Debt to Equity History and Analysis
Debt Level: 539986's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: 539986's debt to equity ratio has reduced from 91.6% to 65.2% over the past 5 years.
Debt Coverage: 539986's debt is well covered by operating cash flow (42.8%).
Interest Coverage: 539986's interest payments on its debt are not well covered by EBIT (2.9x coverage).