Promact Impex Balance Sheet Health
Financial Health criteria checks 2/6
Promact Impex has a total shareholder equity of ₹-28.6M and total debt of ₹50.5M, which brings its debt-to-equity ratio to -176.4%. Its total assets and total liabilities are ₹73.1M and ₹101.7M respectively. Promact Impex's EBIT is ₹18.3M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹96.0K.
Key information
-176.4%
Debt to equity ratio
₹50.51m
Debt
Interest coverage ratio | 3.4x |
Cash | ₹96.00k |
Equity | -₹28.63m |
Total liabilities | ₹101.73m |
Total assets | ₹73.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526494 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 526494 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 526494 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 526494's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 526494's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 526494's interest payments on its debt are well covered by EBIT (3.4x coverage).