Phoenix Township Balance Sheet Health
Financial Health criteria checks 2/6
Phoenix Township has a total shareholder equity of ₹2.2B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 115.3%. Its total assets and total liabilities are ₹5.0B and ₹2.7B respectively. Phoenix Township's EBIT is ₹52.9M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹157.6M.
Key information
115.3%
Debt to equity ratio
₹2.57b
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₹157.60m |
| Equity | ₹2.23b |
| Total liabilities | ₹2.73b |
| Total assets | ₹4.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 537839's short term assets (₹229.8M) exceed its short term liabilities (₹125.5M).
Long Term Liabilities: 537839's short term assets (₹229.8M) do not cover its long term liabilities (₹2.6B).
Debt to Equity History and Analysis
Debt Level: 537839's net debt to equity ratio (108.2%) is considered high.
Reducing Debt: 537839's debt to equity ratio has increased from 21.7% to 115.3% over the past 5 years.
Debt Coverage: 537839's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: 537839's interest payments on its debt are well covered by EBIT (3.7x coverage).