Office Plast Balance Sheet Health
Financial Health criteria checks 2/6
Office Plast has a total shareholder equity of TND20.5M and total debt of TND18.2M, which brings its debt-to-equity ratio to 88.9%. Its total assets and total liabilities are TND45.9M and TND25.4M respectively. Office Plast's EBIT is TND1.9M making its interest coverage ratio 1. It has cash and short-term investments of TND4.0M.
Key information
88.9%
Debt to equity ratio
د.ت18.22m
Debt
Interest coverage ratio | 1x |
Cash | د.ت3.95m |
Equity | د.ت20.50m |
Total liabilities | د.ت25.41m |
Total assets | د.ت45.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLAST's short term assets (TND28.6M) exceed its short term liabilities (TND19.7M).
Long Term Liabilities: PLAST's short term assets (TND28.6M) exceed its long term liabilities (TND5.7M).
Debt to Equity History and Analysis
Debt Level: PLAST's net debt to equity ratio (69.6%) is considered high.
Reducing Debt: PLAST's debt to equity ratio has increased from 41.7% to 88.9% over the past 5 years.
Debt Coverage: PLAST's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: PLAST's interest payments on its debt are not well covered by EBIT (1x coverage).