Prima Plastics Balance Sheet Health
Financial Health criteria checks 6/6
Prima Plastics has a total shareholder equity of ₹1.7B and total debt of ₹410.9M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are ₹2.3B and ₹640.7M respectively. Prima Plastics's EBIT is ₹195.2M making its interest coverage ratio 6.2. It has cash and short-term investments of ₹150.3M.
Key information
24.8%
Debt to equity ratio
₹410.89m
Debt
| Interest coverage ratio | 6.2x |
| Cash | ₹150.34m |
| Equity | ₹1.66b |
| Total liabilities | ₹640.68m |
| Total assets | ₹2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530589's short term assets (₹1.1B) exceed its short term liabilities (₹515.0M).
Long Term Liabilities: 530589's short term assets (₹1.1B) exceed its long term liabilities (₹125.7M).
Debt to Equity History and Analysis
Debt Level: 530589's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 530589's debt to equity ratio has reduced from 29.6% to 24.8% over the past 5 years.
Debt Coverage: 530589's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 530589's interest payments on its debt are well covered by EBIT (6.2x coverage).