Prince Pipes and Fittings Balance Sheet Health
Financial Health criteria checks 5/6
Prince Pipes and Fittings has a total shareholder equity of ₹15.7B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are ₹22.1B and ₹6.4B respectively. Prince Pipes and Fittings's EBIT is ₹1.7B making its interest coverage ratio -183.4. It has cash and short-term investments of ₹1.2B.
Key information
10.1%
Debt to equity ratio
₹1.58b
Debt
| Interest coverage ratio | -183.4x |
| Cash | ₹1.19b |
| Equity | ₹15.73b |
| Total liabilities | ₹6.36b |
| Total assets | ₹22.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542907's short term assets (₹12.5B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: 542907's short term assets (₹12.5B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 542907's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 542907's debt to equity ratio has reduced from 50.4% to 10.1% over the past 5 years.
Debt Coverage: 542907's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: 542907 earns more interest than it pays, so coverage of interest payments is not a concern.