Premco Global Balance Sheet Health
Financial Health criteria checks 6/6
Premco Global has a total shareholder equity of ₹1.2B and total debt of ₹55.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ₹1.4B and ₹237.6M respectively. Premco Global's EBIT is ₹92.3M making its interest coverage ratio 42.9. It has cash and short-term investments of ₹330.6M.
Key information
4.7%
Debt to equity ratio
₹54.97m
Debt
| Interest coverage ratio | 42.9x |
| Cash | ₹330.55m |
| Equity | ₹1.17b |
| Total liabilities | ₹237.57m |
| Total assets | ₹1.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530331's short term assets (₹800.4M) exceed its short term liabilities (₹154.1M).
Long Term Liabilities: 530331's short term assets (₹800.4M) exceed its long term liabilities (₹83.5M).
Debt to Equity History and Analysis
Debt Level: 530331 has more cash than its total debt.
Reducing Debt: 530331's debt to equity ratio has reduced from 5.8% to 4.7% over the past 5 years.
Debt Coverage: 530331's debt is well covered by operating cash flow (162.7%).
Interest Coverage: 530331's interest payments on its debt are well covered by EBIT (42.9x coverage).