Mitsu Chem Plast Balance Sheet Health
Financial Health criteria checks 3/6
Mitsu Chem Plast has a total shareholder equity of ₹793.8M and total debt of ₹799.4M, which brings its debt-to-equity ratio to 100.7%. Its total assets and total liabilities are ₹1.9B and ₹1.1B respectively. Mitsu Chem Plast's EBIT is ₹196.5M making its interest coverage ratio 2.2. It has cash and short-term investments of ₹992.0K.
Key information
100.7%
Debt to equity ratio
₹799.36m
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹992.00k |
| Equity | ₹793.78m |
| Total liabilities | ₹1.15b |
| Total assets | ₹1.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 890198's short term assets (₹1.0B) exceed its short term liabilities (₹843.9M).
Long Term Liabilities: 890198's short term assets (₹1.0B) exceed its long term liabilities (₹305.7M).
Debt to Equity History and Analysis
Debt Level: 890198's net debt to equity ratio (100.6%) is considered high.
Reducing Debt: 890198's debt to equity ratio has reduced from 203.5% to 100.7% over the past 5 years.
Debt Coverage: 890198's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: 890198's interest payments on its debt are not well covered by EBIT (2.2x coverage).