Continental Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Continental Chemicals has a total shareholder equity of ₹43.0M and total debt of ₹1.5M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are ₹53.8M and ₹10.8M respectively. Continental Chemicals's EBIT is ₹3.1M making its interest coverage ratio -4.5. It has cash and short-term investments of ₹24.5M.
Key information
3.5%
Debt to equity ratio
₹1.52m
Debt
Interest coverage ratio | -4.5x |
Cash | ₹24.54m |
Equity | ₹42.98m |
Total liabilities | ₹10.78m |
Total assets | ₹53.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506935's short term assets (₹27.8M) exceed its short term liabilities (₹8.5M).
Long Term Liabilities: 506935's short term assets (₹27.8M) exceed its long term liabilities (₹2.3M).
Debt to Equity History and Analysis
Debt Level: 506935 has more cash than its total debt.
Reducing Debt: 506935's debt to equity ratio has reduced from 9.2% to 3.5% over the past 5 years.
Debt Coverage: 506935's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 506935 earns more interest than it pays, so coverage of interest payments is not a concern.