Paramount Communications Balance Sheet Health
Financial Health criteria checks 5/6
Paramount Communications has a total shareholder equity of ₹6.3B and total debt of ₹1.0B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are ₹8.3B and ₹2.0B respectively. Paramount Communications's EBIT is ₹893.3M making its interest coverage ratio 16.7. It has cash and short-term investments of ₹783.8M.
Key information
16.5%
Debt to equity ratio
₹1.03b
Debt
| Interest coverage ratio | 16.7x |
| Cash | ₹783.80m |
| Equity | ₹6.26b |
| Total liabilities | ₹2.00b |
| Total assets | ₹8.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530555's short term assets (₹6.2B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: 530555's short term assets (₹6.2B) exceed its long term liabilities (₹171.0M).
Debt to Equity History and Analysis
Debt Level: 530555's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 530555's debt to equity ratio has reduced from 139.4% to 16.5% 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 (16.7x coverage).