Parag Milk Foods Balance Sheet Health
Financial Health criteria checks 2/6
Parag Milk Foods has a total shareholder equity of ₹9.1B and total debt of ₹6.1B, which brings its debt-to-equity ratio to 67.1%. Its total assets and total liabilities are ₹18.9B and ₹9.8B respectively. Parag Milk Foods's EBIT is ₹1.6B making its interest coverage ratio 2.1. It has cash and short-term investments of ₹275.7M.
Key information
67.1%
Debt to equity ratio
₹6.12b
Debt
Interest coverage ratio | 2.1x |
Cash | ₹275.74m |
Equity | ₹9.12b |
Total liabilities | ₹9.79b |
Total assets | ₹18.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539889's short term assets (₹13.1B) exceed its short term liabilities (₹7.0B).
Long Term Liabilities: 539889's short term assets (₹13.1B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: 539889's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: 539889's debt to equity ratio has increased from 29% to 67.1% over the past 5 years.
Debt Coverage: 539889's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 539889's interest payments on its debt are not well covered by EBIT (2.1x coverage).