Office Plast Balance Sheet Health
Financial Health criteria checks 3/6
Office Plast has a total shareholder equity of TND21.2M and total debt of TND18.9M, which brings its debt-to-equity ratio to 89.3%. Its total assets and total liabilities are TND48.9M and TND27.7M respectively. Office Plast's EBIT is TND1.9M making its interest coverage ratio 1.3. It has cash and short-term investments of TND3.6M.
Key information
89.3%
Debt to equity ratio
د.ت18.89m
Debt
| Interest coverage ratio | 1.3x |
| Cash | د.ت3.57m |
| Equity | د.ت21.15m |
| Total liabilities | د.ت27.71m |
| Total assets | د.ت48.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLAST's short term assets (TND31.7M) exceed its short term liabilities (TND21.1M).
Long Term Liabilities: PLAST's short term assets (TND31.7M) exceed its long term liabilities (TND6.6M).
Debt to Equity History and Analysis
Debt Level: PLAST's net debt to equity ratio (72.5%) is considered high.
Reducing Debt: PLAST's debt to equity ratio has increased from 67.5% to 89.3% over the past 5 years.
Debt Coverage: PLAST's debt is well covered by operating cash flow (40.9%).
Interest Coverage: PLAST's interest payments on its debt are not well covered by EBIT (1.3x coverage).