Plastiblends India Balance Sheet Health
Financial Health criteria checks 6/6
Plastiblends India has a total shareholder equity of ₹4.0B and total debt of ₹152.6M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ₹5.1B and ₹1.1B respectively. Plastiblends India's EBIT is ₹415.0M making its interest coverage ratio 128.3. It has cash and short-term investments of ₹319.8M.
Key information
3.8%
Debt to equity ratio
₹152.61m
Debt
| Interest coverage ratio | 128.3x |
| Cash | ₹319.81m |
| Equity | ₹3.98b |
| Total liabilities | ₹1.14b |
| Total assets | ₹5.12b |
Recent financial health updates
Is Plastiblends India (NSE:PLASTIBLEN) Using Too Much Debt?
May 07
These 4 Measures Indicate That Plastiblends India (NSE:PLASTIBLEN) Is Using Debt Safely
Jun 14Is Plastiblends India (NSE:PLASTIBLEN) A Risky Investment?
Sep 15
Recent updates
Plastiblends India's (NSE:PLASTIBLEN) Returns On Capital Not Reflecting Well On The Business
Mar 14There Are Reasons To Feel Uneasy About Plastiblends India's (NSE:PLASTIBLEN) Returns On Capital
Oct 13Plastiblends India (NSE:PLASTIBLEN) Will Pay A Dividend Of ₹4.00
Jun 11Is Plastiblends India (NSE:PLASTIBLEN) Using Too Much Debt?
May 07These 4 Measures Indicate That Plastiblends India (NSE:PLASTIBLEN) Is Using Debt Safely
Jun 14Plastiblends India (NSE:PLASTIBLEN) Is Reinvesting At Lower Rates Of Return
Apr 05Insider Buying: The Plastiblends India Limited (NSE:PLASTIBLEN) Chairman & MD Just Bought ₹1.5m Worth Of Shares
Mar 03Is Plastiblends India Limited's (NSE:PLASTIBLEN) Recent Price Movement Underpinned By Its Weak Fundamentals?
Feb 21Did Plastiblends India's (NSE:PLASTIBLEN) Share Price Deserve to Gain 25%?
Jan 31Has Plastiblends India (NSE:PLASTIBLEN) Got What It Takes To Become A Multi-Bagger?
Jan 03Read This Before Selling Plastiblends India Limited (NSE:PLASTIBLEN) Shares
Dec 13Plastiblends India Limited (NSE:PLASTIBLEN) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Nov 22Are Plastiblends India's (NSE:PLASTIBLEN) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Nov 02Plastiblends India's (NSE:PLASTIBLEN) Stock Price Has Reduced 17% In The Past Three Years
Oct 12Is Plastiblends India (NSE:PLASTIBLEN) A Risky Investment?
Sep 15The Trends At Plastiblends India (NSE:PLASTIBLEN) That You Should Know About
Aug 09Have Insiders Been Buying Plastiblends India Limited (NSE:PLASTIBLEN) Shares?
Aug 09Financial Position Analysis
Short Term Liabilities: PLASTIBLEN's short term assets (₹2.9B) exceed its short term liabilities (₹796.4M).
Long Term Liabilities: PLASTIBLEN's short term assets (₹2.9B) exceed its long term liabilities (₹341.7M).
Debt to Equity History and Analysis
Debt Level: PLASTIBLEN has more cash than its total debt.
Reducing Debt: PLASTIBLEN's debt to equity ratio has reduced from 43.5% to 3.8% over the past 5 years.
Debt Coverage: PLASTIBLEN's debt is well covered by operating cash flow (416.5%).
Interest Coverage: PLASTIBLEN's interest payments on its debt are well covered by EBIT (128.3x coverage).