PlatinumOne Business Services Balance Sheet Health
Financial Health criteria checks 5/6
PlatinumOne Business Services has a total shareholder equity of ₹148.3M and total debt of ₹4.6M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹168.3M and ₹19.9M respectively. PlatinumOne Business Services's EBIT is ₹29.0M making its interest coverage ratio -26.9. It has cash and short-term investments of ₹2.5M.
Key information
3.1%
Debt to equity ratio
₹4.63m
Debt
Interest coverage ratio | -26.9x |
Cash | ₹2.53m |
Equity | ₹148.35m |
Total liabilities | ₹19.94m |
Total assets | ₹168.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543352's short term assets (₹90.2M) exceed its short term liabilities (₹16.3M).
Long Term Liabilities: 543352's short term assets (₹90.2M) exceed its long term liabilities (₹3.6M).
Debt to Equity History and Analysis
Debt Level: 543352's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 543352's debt to equity ratio has reduced from 212.4% to 3.1% over the past 5 years.
Debt Coverage: 543352's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 543352 earns more interest than it pays, so coverage of interest payments is not a concern.