Paras Defence and Space Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Paras Defence andce Technologies has a total shareholder equity of ₹4.3B and total debt of ₹395.9M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are ₹5.7B and ₹1.4B respectively. Paras Defence andce Technologies's EBIT is ₹443.6M making its interest coverage ratio 34.7. It has cash and short-term investments of ₹158.4M.
Key information
9.2%
Debt to equity ratio
₹395.90m
Debt
| Interest coverage ratio | 34.7x |
| Cash | ₹158.40m |
| Equity | ₹4.28b |
| Total liabilities | ₹1.44b |
| Total assets | ₹5.72b |
Recent financial health updates
No updates
Recent updates
Paras Defence and Space Technologies Limited's (NSE:PARAS) Shares May Have Run Too Fast Too Soon
Feb 16
Paras Defence and Space Technologies (NSE:PARAS) Will Be Hoping To Turn Its Returns On Capital Around
Aug 09Paras Defence and Space Technologies (NSE:PARAS) Will Want To Turn Around Its Return Trends
Mar 07Financial Position Analysis
Short Term Liabilities: PARAS's short term assets (₹3.5B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: PARAS's short term assets (₹3.5B) exceed its long term liabilities (₹246.9M).
Debt to Equity History and Analysis
Debt Level: PARAS's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: PARAS's debt to equity ratio has reduced from 55.3% to 9.2% over the past 5 years.
Debt Coverage: PARAS's debt is well covered by operating cash flow (98.8%).
Interest Coverage: PARAS's interest payments on its debt are well covered by EBIT (34.7x coverage).