Piccadily Agro Industries Balance Sheet Health
Financial Health criteria checks 5/6
Piccadily Agro Industries has a total shareholder equity of ₹3.4B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are ₹7.4B and ₹4.0B respectively. Piccadily Agro Industries's EBIT is ₹1.3B making its interest coverage ratio 8.4. It has cash and short-term investments of ₹185.4M.
Key information
50.6%
Debt to equity ratio
₹1.72b
Debt
Interest coverage ratio | 8.4x |
Cash | ₹185.37m |
Equity | ₹3.40b |
Total liabilities | ₹3.99b |
Total assets | ₹7.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530305's short term assets (₹4.0B) exceed its short term liabilities (₹3.1B).
Long Term Liabilities: 530305's short term assets (₹4.0B) exceed its long term liabilities (₹937.1M).
Debt to Equity History and Analysis
Debt Level: 530305's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: 530305's debt to equity ratio has reduced from 87.3% to 50.6% over the past 5 years.
Debt Coverage: 530305's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 530305's interest payments on its debt are well covered by EBIT (8.4x coverage).