HP Adhesives Balance Sheet Health
Financial Health criteria checks 5/6
HP Adhesives has a total shareholder equity of ₹1.8B and total debt of ₹8.5M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ₹2.1B and ₹291.7M respectively. HP Adhesives's EBIT is ₹271.8M making its interest coverage ratio -82.1. It has cash and short-term investments of ₹188.5M.
Key information
0.5%
Debt to equity ratio
₹8.50m
Debt
| Interest coverage ratio | -82.1x |
| Cash | ₹188.51m |
| Equity | ₹1.76b |
| Total liabilities | ₹291.73m |
| Total assets | ₹2.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HPAL's short term assets (₹1.3B) exceed its short term liabilities (₹273.8M).
Long Term Liabilities: HPAL's short term assets (₹1.3B) exceed its long term liabilities (₹18.0M).
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 (2205.8%).
Interest Coverage: HPAL earns more interest than it pays, so coverage of interest payments is not a concern.