Piccadily Agro Industries Balance Sheet Health
Financial Health criteria checks 5/6
Piccadily Agro Industries has a total shareholder equity of ₹6.0B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ₹9.9B and ₹3.9B respectively. Piccadily Agro Industries's EBIT is ₹1.5B making its interest coverage ratio 9.8. It has cash and short-term investments of ₹2.3B.
Key information
34.6%
Debt to equity ratio
₹2.09b
Debt
| Interest coverage ratio | 9.8x |
| Cash | ₹2.34b |
| Equity | ₹6.03b |
| Total liabilities | ₹3.87b |
| Total assets | ₹9.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530305's short term assets (₹5.5B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: 530305's short term assets (₹5.5B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: 530305 has more cash than its total debt.
Reducing Debt: 530305's debt to equity ratio has reduced from 83.7% to 34.6% over the past 5 years.
Debt Coverage: 530305's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530305's interest payments on its debt are well covered by EBIT (9.8x coverage).