HP Adhesives Balance Sheet Health
Financial Health criteria checks 5/6
HP Adhesives has a total shareholder equity of ₹1.7B and total debt of ₹5.2M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ₹2.0B and ₹289.2M respectively. HP Adhesives's EBIT is ₹265.1M making its interest coverage ratio 14.1. It has cash and short-term investments of ₹273.0M.
Key information
0.3%
Debt to equity ratio
₹5.24m
Debt
| Interest coverage ratio | 14.1x |
| Cash | ₹272.98m |
| Equity | ₹1.69b |
| Total liabilities | ₹289.17m |
| Total assets | ₹1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HPAL's short term assets (₹1.2B) exceed its short term liabilities (₹266.0M).
Long Term Liabilities: HPAL's short term assets (₹1.2B) exceed its long term liabilities (₹23.1M).
Debt to Equity History and Analysis
Debt Level: HPAL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if HPAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HPAL's debt is well covered by operating cash flow (4344.8%).
Interest Coverage: HPAL's interest payments on its debt are well covered by EBIT (14.1x coverage).