Promax Power Balance Sheet Health
Financial Health criteria checks 6/6
Promax Power has a total shareholder equity of ₹289.8M and total debt of ₹7.5M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ₹761.1M and ₹471.4M respectively. Promax Power's EBIT is ₹42.8M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹54.9M.
Key information
2.6%
Debt to equity ratio
₹7.50m
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₹54.88m |
| Equity | ₹289.76m |
| Total liabilities | ₹471.39m |
| Total assets | ₹761.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543375's short term assets (₹711.2M) exceed its short term liabilities (₹463.5M).
Long Term Liabilities: 543375's short term assets (₹711.2M) exceed its long term liabilities (₹7.8M).
Debt to Equity History and Analysis
Debt Level: 543375 has more cash than its total debt.
Reducing Debt: 543375's debt to equity ratio has reduced from 3380.8% to 2.6% over the past 5 years.
Debt Coverage: 543375's debt is well covered by operating cash flow (542.8%).
Interest Coverage: 543375's interest payments on its debt are well covered by EBIT (3.7x coverage).