Mitsu Chem Plast Balance Sheet Health
Financial Health criteria checks 4/6
Mitsu Chem Plast has a total shareholder equity of ₹921.4M and total debt of ₹600.7M, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are ₹1.8B and ₹913.7M respectively. Mitsu Chem Plast's EBIT is ₹182.7M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹2.9M.
Key information
65.2%
Debt to equity ratio
₹600.67m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹2.88m |
| Equity | ₹921.43m |
| Total liabilities | ₹913.75m |
| Total assets | ₹1.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540078's short term assets (₹877.1M) exceed its short term liabilities (₹710.1M).
Long Term Liabilities: 540078's short term assets (₹877.1M) exceed its long term liabilities (₹203.6M).
Debt to Equity History and Analysis
Debt Level: 540078's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: 540078's debt to equity ratio has reduced from 205.3% to 65.2% over the past 5 years.
Debt Coverage: 540078's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 540078's interest payments on its debt are not well covered by EBIT (2.6x coverage).