Promax Power Balance Sheet Health
Financial Health criteria checks 3/6
Promax Power has a total shareholder equity of ₹277.0M and total debt of ₹130.6M, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are ₹610.8M and ₹333.8M respectively. Promax Power's EBIT is ₹32.8M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹53.2M.
Key information
47.2%
Debt to equity ratio
₹130.65m
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹53.18m |
| Equity | ₹277.05m |
| Total liabilities | ₹333.75m |
| Total assets | ₹610.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543375's short term assets (₹558.3M) exceed its short term liabilities (₹330.9M).
Long Term Liabilities: 543375's short term assets (₹558.3M) exceed its long term liabilities (₹2.9M).
Debt to Equity History and Analysis
Debt Level: 543375's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 543375's debt to equity ratio has increased from 0% to 47.2% over the past 5 years.
Debt Coverage: 543375's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: 543375's interest payments on its debt are not well covered by EBIT (2.7x coverage).