Prima Plastics Balance Sheet Health
Financial Health criteria checks 6/6
Prima Plastics has a total shareholder equity of ₹1.5B and total debt of ₹419.1M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are ₹2.1B and ₹612.5M respectively. Prima Plastics's EBIT is ₹238.2M making its interest coverage ratio 6.4. It has cash and short-term investments of ₹86.6M.
Key information
28.8%
Debt to equity ratio
₹419.13m
Debt
Interest coverage ratio | 6.4x |
Cash | ₹86.57m |
Equity | ₹1.46b |
Total liabilities | ₹612.53m |
Total assets | ₹2.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530589's short term assets (₹978.4M) exceed its short term liabilities (₹452.5M).
Long Term Liabilities: 530589's short term assets (₹978.4M) exceed its long term liabilities (₹160.1M).
Debt to Equity History and Analysis
Debt Level: 530589's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 530589's debt to equity ratio has reduced from 36.3% to 28.8% over the past 5 years.
Debt Coverage: 530589's debt is well covered by operating cash flow (98.9%).
Interest Coverage: 530589's interest payments on its debt are well covered by EBIT (6.4x coverage).