Prince Pipes and Fittings Balance Sheet Health
Financial Health criteria checks 6/6
Prince Pipes and Fittings has a total shareholder equity of ₹14.5B and total debt of ₹589.6M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ₹19.1B and ₹4.6B respectively. Prince Pipes and Fittings's EBIT is ₹2.8B making its interest coverage ratio 113.5. It has cash and short-term investments of ₹2.3B.
Key information
4.1%
Debt to equity ratio
₹589.62m
Debt
| Interest coverage ratio | 113.5x |
| Cash | ₹2.32b |
| Equity | ₹14.49b |
| Total liabilities | ₹4.61b |
| Total assets | ₹19.10b |
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
Here'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 (₹11.2B) exceed its short term liabilities (₹4.2B).
Long Term Liabilities: PRINCEPIPE's short term assets (₹11.2B) exceed its long term liabilities (₹397.4M).
Debt to Equity History and Analysis
Debt Level: PRINCEPIPE has more cash than its total debt.
Reducing Debt: PRINCEPIPE's debt to equity ratio has reduced from 81.6% to 4.1% over the past 5 years.
Debt Coverage: PRINCEPIPE's debt is well covered by operating cash flow (539.5%).
Interest Coverage: PRINCEPIPE's interest payments on its debt are well covered by EBIT (113.5x coverage).