Paper Converting Balance Sheet Health
Financial Health criteria checks 2/6
Paper Converting has a total shareholder equity of MUR362.9M and total debt of MUR219.6M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are MUR699.7M and MUR336.8M respectively. Paper Converting's EBIT is MUR20.8M making its interest coverage ratio 1.6. It has cash and short-term investments of MUR972.9K.
Key information
60.5%
Debt to equity ratio
MU₨219.56m
Debt
| Interest coverage ratio | 1.6x |
| Cash | MU₨972.92k |
| Equity | MU₨362.87m |
| Total liabilities | MU₨336.78m |
| Total assets | MU₨699.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCCL.I0000's short term assets (MUR254.7M) exceed its short term liabilities (MUR220.9M).
Long Term Liabilities: PCCL.I0000's short term assets (MUR254.7M) exceed its long term liabilities (MUR115.9M).
Debt to Equity History and Analysis
Debt Level: PCCL.I0000's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: PCCL.I0000's debt to equity ratio has increased from 47.9% to 60.5% over the past 5 years.
Debt Coverage: PCCL.I0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PCCL.I0000's interest payments on its debt are not well covered by EBIT (1.6x coverage).