Plada Infotech Services Balance Sheet Health
Financial Health criteria checks 2/6
Plada Infotech Services has a total shareholder equity of ₹225.1M and total debt of ₹142.7M, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are ₹395.2M and ₹170.1M respectively. Plada Infotech Services's EBIT is ₹44.2M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹39.3M.
Key information
63.4%
Debt to equity ratio
₹142.70m
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹39.32m |
| Equity | ₹225.12m |
| Total liabilities | ₹170.12m |
| Total assets | ₹395.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLADAINFO's short term assets (₹226.8M) exceed its short term liabilities (₹53.7M).
Long Term Liabilities: PLADAINFO's short term assets (₹226.8M) exceed its long term liabilities (₹116.4M).
Debt to Equity History and Analysis
Debt Level: PLADAINFO's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: Insufficient data to determine if PLADAINFO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PLADAINFO's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: PLADAINFO's interest payments on its debt are not well covered by EBIT (2.5x coverage).