Phoenix Township Balance Sheet Health
Financial Health criteria checks 1/6
Phoenix Township has a total shareholder equity of ₹2.2B and total debt of ₹2.3B, which brings its debt-to-equity ratio to 105.3%. Its total assets and total liabilities are ₹4.6B and ₹2.4B respectively. Phoenix Township's EBIT is ₹39.4M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹253.9M.
Key information
105.3%
Debt to equity ratio
₹2.33b
Debt
Interest coverage ratio | 2.7x |
Cash | ₹253.88m |
Equity | ₹2.21b |
Total liabilities | ₹2.41b |
Total assets | ₹4.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 537839's short term assets (₹294.8M) exceed its short term liabilities (₹111.1M).
Long Term Liabilities: 537839's short term assets (₹294.8M) do not cover its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 537839's net debt to equity ratio (93.8%) is considered high.
Reducing Debt: 537839's debt to equity ratio has increased from 25.2% to 105.3% over the past 5 years.
Debt Coverage: 537839's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: 537839's interest payments on its debt are not well covered by EBIT (2.7x coverage).