SPP Polymer Balance Sheet Health
Financial Health criteria checks 3/6
SPP Polymer has a total shareholder equity of ₹253.3M and total debt of ₹189.8M, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are ₹709.2M and ₹455.9M respectively. SPP Polymer's EBIT is ₹40.2M making its interest coverage ratio 1.6. It has cash and short-term investments of ₹784.9K.
Key information
74.9%
Debt to equity ratio
₹189.78m
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹784.88k |
| Equity | ₹253.31m |
| Total liabilities | ₹455.88m |
| Total assets | ₹709.19m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SPPPOLY's short term assets (₹446.3M) exceed its short term liabilities (₹371.1M).
Long Term Liabilities: SPPPOLY's short term assets (₹446.3M) exceed its long term liabilities (₹84.8M).
Debt to Equity History and Analysis
Debt Level: SPPPOLY's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: SPPPOLY's debt to equity ratio has increased from 59.7% to 74.9% over the past 5 years.
Debt Coverage: SPPPOLY's debt is well covered by operating cash flow (33.1%).
Interest Coverage: SPPPOLY's interest payments on its debt are not well covered by EBIT (1.6x coverage).