Ideal Technoplast Industries Balance Sheet Health
Financial Health criteria checks 1/6
Ideal Technoplast Industries has a total shareholder equity of ₹18.9M and total debt of ₹58.6M, which brings its debt-to-equity ratio to 310.7%. Its total assets and total liabilities are ₹97.8M and ₹78.9M respectively. Ideal Technoplast Industries's EBIT is ₹9.1M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹353.0K.
Key information
310.7%
Debt to equity ratio
₹58.60m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹353.00k |
| Equity | ₹18.86m |
| Total liabilities | ₹78.94m |
| Total assets | ₹97.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDEALTECHO's short term assets (₹41.8M) exceed its short term liabilities (₹33.5M).
Long Term Liabilities: IDEALTECHO's short term assets (₹41.8M) do not cover its long term liabilities (₹45.5M).
Debt to Equity History and Analysis
Debt Level: IDEALTECHO's net debt to equity ratio (308.9%) is considered high.
Reducing Debt: Insufficient data to determine if IDEALTECHO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IDEALTECHO's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: IDEALTECHO's interest payments on its debt are not well covered by EBIT (2.3x coverage).