Parin Furniture Balance Sheet Health
Financial Health criteria checks 2/6
Parin Furniture has a total shareholder equity of ₹580.0M and total debt of ₹452.7M, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are ₹1.3B and ₹671.6M respectively. Parin Furniture's EBIT is ₹72.1M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹13.8M.
Key information
78.1%
Debt to equity ratio
₹452.69m
Debt
Interest coverage ratio | 1.7x |
Cash | ₹13.78m |
Equity | ₹579.96m |
Total liabilities | ₹671.61m |
Total assets | ₹1.25b |
Recent financial health updates
Is Parin Furniture (NSE:PARIN) A Risky Investment?
Dec 05Is Parin Furniture (NSE:PARIN) A Risky Investment?
Mar 29Is Parin Furniture (NSE:PARIN) Using Too Much Debt?
Mar 01Is Parin Furniture (NSE:PARIN) A Risky Investment?
Dec 01Recent updates
Is Parin Furniture (NSE:PARIN) A Risky Investment?
Dec 05Is Parin Furniture (NSE:PARIN) A Risky Investment?
Mar 29If You Like EPS Growth Then Check Out Parin Furniture (NSE:PARIN) Before It's Too Late
Oct 27Is Parin Furniture (NSE:PARIN) Using Too Much Debt?
Mar 01Should We Be Delighted With Parin Furniture Limited's (NSE:PARIN) ROE Of 12%?
Jan 05Is Parin Furniture (NSE:PARIN) A Risky Investment?
Dec 01Financial Position Analysis
Short Term Liabilities: PARIN's short term assets (₹1.1B) exceed its short term liabilities (₹574.7M).
Long Term Liabilities: PARIN's short term assets (₹1.1B) exceed its long term liabilities (₹97.0M).
Debt to Equity History and Analysis
Debt Level: PARIN's net debt to equity ratio (75.7%) is considered high.
Reducing Debt: PARIN's debt to equity ratio has increased from 47.5% to 78.1% over the past 5 years.
Debt Coverage: PARIN's debt is not well covered by operating cash flow (8%).
Interest Coverage: PARIN's interest payments on its debt are not well covered by EBIT (1.7x coverage).