Plastiblends India Balance Sheet Health
Financial Health criteria checks 6/6
Plastiblends India has a total shareholder equity of ₹4.2B and total debt of ₹20.1M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ₹5.3B and ₹1.0B respectively. Plastiblends India's EBIT is ₹393.6M making its interest coverage ratio 41.8. It has cash and short-term investments of ₹208.4M.
Key information
0.5%
Debt to equity ratio
₹20.08m
Debt
| Interest coverage ratio | 41.8x |
| Cash | ₹208.36m |
| Equity | ₹4.22b |
| Total liabilities | ₹1.04b |
| Total assets | ₹5.26b |
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 Limited's (NSE:PLASTIBLEN) Business And Shares Still Trailing The Market
Dec 05Plastiblends India's (NSE:PLASTIBLEN) Earnings Are Of Questionable Quality
Jul 14Improved Earnings Required Before Plastiblends India Limited (NSE:PLASTIBLEN) Shares Find Their Feet
Jun 12Plastiblends 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 (₹3.1B) exceed its short term liabilities (₹732.8M).
Long Term Liabilities: PLASTIBLEN's short term assets (₹3.1B) exceed its long term liabilities (₹302.2M).
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 19.9% to 0.5% over the past 5 years.
Debt Coverage: PLASTIBLEN's debt is well covered by operating cash flow (790.7%).
Interest Coverage: PLASTIBLEN's interest payments on its debt are well covered by EBIT (41.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 15:39 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Plastiblends India Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kameswari V. S. Chavali | FirstCall Research |