Commercial Syn Bags Balance Sheet Health
Financial Health criteria checks 3/6
Commercial Syn Bags has a total shareholder equity of ₹1.3B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 84.3%. Its total assets and total liabilities are ₹2.7B and ₹1.4B respectively. Commercial Syn Bags's EBIT is ₹190.6M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹45.2M.
Key information
84.3%
Debt to equity ratio
₹1.09b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹45.19m |
| Equity | ₹1.29b |
| Total liabilities | ₹1.44b |
| Total assets | ₹2.73b |
Recent financial health updates
Recent updates
There's Reason For Concern Over Commercial Syn Bags Limited's (NSE:COMSYN) Massive 29% Price Jump
Jul 05
There's Reason For Concern Over Commercial Syn Bags Limited's (NSE:COMSYN) Massive 26% Price Jump
Apr 30Commercial Syn Bags Limited's (NSE:COMSYN) Shareholders Might Be Looking For Exit
Mar 14Commercial Syn Bags (NSE:COMSYN) Takes On Some Risk With Its Use Of Debt
Jan 31Financial Position Analysis
Short Term Liabilities: COMSYN's short term assets (₹1.3B) exceed its short term liabilities (₹994.4M).
Long Term Liabilities: COMSYN's short term assets (₹1.3B) exceed its long term liabilities (₹447.4M).
Debt to Equity History and Analysis
Debt Level: COMSYN's net debt to equity ratio (80.8%) is considered high.
Reducing Debt: COMSYN's debt to equity ratio has reduced from 90.5% to 84.3% over the past 5 years.
Debt Coverage: COMSYN's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: COMSYN's interest payments on its debt are not well covered by EBIT (2.1x coverage).