Party Cruisers Balance Sheet Health
Financial Health criteria checks 5/6
Party Cruisers has a total shareholder equity of ₹334.2M and total debt of ₹63.9M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are ₹496.0M and ₹161.7M respectively. Party Cruisers's EBIT is ₹107.1M making its interest coverage ratio 176.7. It has cash and short-term investments of ₹97.9M.
Key information
19.1%
Debt to equity ratio
₹63.88m
Debt
| Interest coverage ratio | 176.7x |
| Cash | ₹97.91m |
| Equity | ₹334.22m |
| Total liabilities | ₹161.74m |
| Total assets | ₹495.96m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PARTYCRUS's short term assets (₹366.1M) exceed its short term liabilities (₹153.9M).
Long Term Liabilities: PARTYCRUS's short term assets (₹366.1M) exceed its long term liabilities (₹7.8M).
Debt to Equity History and Analysis
Debt Level: PARTYCRUS has more cash than its total debt.
Reducing Debt: PARTYCRUS's debt to equity ratio has increased from 7.7% to 19.1% over the past 5 years.
Debt Coverage: PARTYCRUS's debt is well covered by operating cash flow (87%).
Interest Coverage: PARTYCRUS's interest payments on its debt are well covered by EBIT (176.7x coverage).