Paramount Dye Tec Balance Sheet Health
Financial Health criteria checks 4/6
Paramount Dye Tec has a total shareholder equity of ₹303.2M and total debt of ₹162.7M, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are ₹555.0M and ₹251.8M respectively. Paramount Dye Tec's EBIT is ₹99.5M making its interest coverage ratio 10.7. It has cash and short-term investments of ₹123.9M.
Key information
53.7%
Debt to equity ratio
₹162.74m
Debt
| Interest coverage ratio | 10.7x |
| Cash | ₹123.87m |
| Equity | ₹303.21m |
| Total liabilities | ₹251.76m |
| Total assets | ₹554.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PARAMOUNT's short term assets (₹385.7M) exceed its short term liabilities (₹243.7M).
Long Term Liabilities: PARAMOUNT's short term assets (₹385.7M) exceed its long term liabilities (₹8.0M).
Debt to Equity History and Analysis
Debt Level: PARAMOUNT's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PARAMOUNT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PARAMOUNT's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: PARAMOUNT's interest payments on its debt are well covered by EBIT (10.7x coverage).