Western India Plywoods Balance Sheet Health
Financial Health criteria checks 6/6
Western India Plywoods has a total shareholder equity of ₹415.5M and total debt of ₹163.5M, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ₹722.1M and ₹306.6M respectively. Western India Plywoods's EBIT is ₹67.8M making its interest coverage ratio 8.6. It has cash and short-term investments of ₹108.3M.
Key information
39.4%
Debt to equity ratio
₹163.50m
Debt
| Interest coverage ratio | 8.6x |
| Cash | ₹108.30m |
| Equity | ₹415.50m |
| Total liabilities | ₹306.60m |
| Total assets | ₹722.10m |
Recent financial health updates
Western India Plywoods (NSE:WIPL) Seems To Use Debt Rather Sparingly
Mar 16
Western India Plywoods (NSE:WIPL) Could Easily Take On More Debt
Dec 28Here's Why Western India Plywoods (NSE:WIPL) Has A Meaningful Debt Burden
Jan 13We Think Western India Plywoods (NSE:WIPL) Is Taking Some Risk With Its Debt
Jan 06
Recent updates
Western India Plywoods (NSE:WIPL) Seems To Use Debt Rather Sparingly
Mar 16Estimating The Fair Value Of The Western India Plywoods Limited (NSE:WIPL)
Oct 21Should You Be Adding Western India Plywoods (NSE:WIPL) To Your Watchlist Today?
Jul 25Calculating The Fair Value Of The Western India Plywoods Limited (NSE:WIPL)
Feb 10Western India Plywoods (NSE:WIPL) Could Easily Take On More Debt
Dec 28Here's Why Western India Plywoods (NSE:WIPL) Has A Meaningful Debt Burden
Jan 13Calculating The Intrinsic Value Of The Western India Plywoods Limited (NSE:WIPL)
Jun 01A Look At The Intrinsic Value Of The Western India Plywoods Limited (NSE:WIPL)
Feb 16We Think Western India Plywoods (NSE:WIPL) Is Taking Some Risk With Its Debt
Jan 06Financial Position Analysis
Short Term Liabilities: WIPL's short term assets (₹469.8M) exceed its short term liabilities (₹178.8M).
Long Term Liabilities: WIPL's short term assets (₹469.8M) exceed its long term liabilities (₹127.8M).
Debt to Equity History and Analysis
Debt Level: WIPL's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: WIPL's debt to equity ratio has reduced from 70.1% to 39.4% over the past 5 years.
Debt Coverage: WIPL's debt is well covered by operating cash flow (62.4%).
Interest Coverage: WIPL's interest payments on its debt are well covered by EBIT (8.6x coverage).