PPAP Automotive Balance Sheet Health
Financial Health criteria checks 2/6
PPAP Automotive has a total shareholder equity of ₹2.8B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are ₹5.6B and ₹2.7B respectively. PPAP Automotive's EBIT is ₹56.0M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹83.4M.
Key information
56.3%
Debt to equity ratio
₹1.59b
Debt
Interest coverage ratio | 0.4x |
Cash | ₹83.38m |
Equity | ₹2.83b |
Total liabilities | ₹2.72b |
Total assets | ₹5.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532934's short term assets (₹1.7B) do not cover its short term liabilities (₹1.8B).
Long Term Liabilities: 532934's short term assets (₹1.7B) exceed its long term liabilities (₹912.6M).
Debt to Equity History and Analysis
Debt Level: 532934's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: 532934's debt to equity ratio has increased from 8.3% to 56.3% over the past 5 years.
Debt Coverage: 532934's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 532934's interest payments on its debt are not well covered by EBIT (0.4x coverage).