Prince Pipes and Fittings Balance Sheet Health
Financial Health criteria checks 6/6
Prince Pipes and Fittings has a total shareholder equity of ₹15.4B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are ₹21.2B and ₹5.8B respectively. Prince Pipes and Fittings's EBIT is ₹2.4B making its interest coverage ratio 38.9. It has cash and short-term investments of ₹1.2B.
Key information
8.4%
Debt to equity ratio
₹1.30b
Debt
| Interest coverage ratio | 38.9x |
| Cash | ₹1.16b |
| Equity | ₹15.44b |
| Total liabilities | ₹5.79b |
| Total assets | ₹21.23b |
Recent financial health updates
Here's Why Prince Pipes and Fittings (NSE:PRINCEPIPE) Can Manage Its Debt Responsibly
Mar 26
Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?
Aug 11Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Somewhat Strained Balance Sheet
Mar 29Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?
Dec 22Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Pretty Healthy Balance Sheet
Jun 07Recent updates
Prince Pipes and Fittings Limited's (NSE:PRINCEPIPE) Price Is Out Of Tune With Earnings
Jun 12We Think You Should Be Aware Of Some Concerning Factors In Prince Pipes and Fittings' (NSE:PRINCEPIPE) Earnings
May 24Here's Why Prince Pipes and Fittings (NSE:PRINCEPIPE) Can Manage Its Debt Responsibly
Mar 26Be Wary Of Prince Pipes and Fittings (NSE:PRINCEPIPE) And Its Returns On Capital
Dec 05When Should You Buy Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?
Sep 21Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?
Aug 11Is It Too Late To Consider Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?
May 27Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Somewhat Strained Balance Sheet
Mar 29Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?
Dec 22Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?
Oct 28Prince Pipes and Fittings (NSE:PRINCEPIPE) Has Affirmed Its Dividend Of ₹2.00
Aug 28Prince Pipes and Fittings' (NSE:PRINCEPIPE) Dividend Will Be ₹2.00
Aug 12Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Pretty Healthy Balance Sheet
Jun 07Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?
May 22Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?
Mar 29Investors Shouldn't Overlook The Favourable Returns On Capital At Prince Pipes and Fittings (NSE:PRINCEPIPE)
Feb 15Financial Position Analysis
Short Term Liabilities: PRINCEPIPE's short term assets (₹12.5B) exceed its short term liabilities (₹5.1B).
Long Term Liabilities: PRINCEPIPE's short term assets (₹12.5B) exceed its long term liabilities (₹656.2M).
Debt to Equity History and Analysis
Debt Level: PRINCEPIPE's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: PRINCEPIPE's debt to equity ratio has reduced from 69.6% to 8.4% over the past 5 years.
Debt Coverage: PRINCEPIPE's debt is well covered by operating cash flow (25.4%).
Interest Coverage: PRINCEPIPE's interest payments on its debt are well covered by EBIT (38.9x coverage).