Paras Defence and Space Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Paras Defence andce Technologies has a total shareholder equity of ₹4.7B and total debt of ₹678.2M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are ₹6.9B and ₹2.2B respectively. Paras Defence andce Technologies's EBIT is ₹578.0M making its interest coverage ratio 17.6. It has cash and short-term investments of ₹179.3M.
Key information
14.4%
Debt to equity ratio
₹678.20m
Debt
| Interest coverage ratio | 17.6x |
| Cash | ₹179.30m |
| Equity | ₹4.70b |
| Total liabilities | ₹2.23b |
| Total assets | ₹6.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543367's short term assets (₹4.7B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 543367's short term assets (₹4.7B) exceed its long term liabilities (₹264.4M).
Debt to Equity History and Analysis
Debt Level: 543367's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: 543367's debt to equity ratio has reduced from 58% to 14.4% over the past 5 years.
Debt Coverage: 543367's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543367's interest payments on its debt are well covered by EBIT (17.6x coverage).