Paramount Communications Balance Sheet Health
Financial Health criteria checks 5/6
Paramount Communications has a total shareholder equity of ₹6.7B and total debt of ₹150.8M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹8.3B and ₹1.6B respectively. Paramount Communications's EBIT is ₹989.0M making its interest coverage ratio 34.5. It has cash and short-term investments of ₹240.9M.
Key information
2.2%
Debt to equity ratio
₹150.82m
Debt
| Interest coverage ratio | 34.5x |
| Cash | ₹240.85m |
| Equity | ₹6.75b |
| Total liabilities | ₹1.55b |
| Total assets | ₹8.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530555's short term assets (₹6.1B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 530555's short term assets (₹6.1B) exceed its long term liabilities (₹131.8M).
Debt to Equity History and Analysis
Debt Level: 530555 has more cash than its total debt.
Reducing Debt: 530555's debt to equity ratio has reduced from 120.3% to 2.2% over the past 5 years.
Debt Coverage: 530555's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530555's interest payments on its debt are well covered by EBIT (34.5x coverage).