Parag Milk Foods Balance Sheet Health
Financial Health criteria checks 3/6
Parag Milk Foods has a total shareholder equity of ₹9.6B and total debt of ₹6.1B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are ₹19.7B and ₹10.0B respectively. Parag Milk Foods's EBIT is ₹1.7B making its interest coverage ratio 2.2. It has cash and short-term investments of ₹167.7M.
Key information
63.7%
Debt to equity ratio
₹6.13b
Debt
| Interest coverage ratio | 2.2x |
| Cash | ₹167.70m |
| Equity | ₹9.62b |
| Total liabilities | ₹10.04b |
| Total assets | ₹19.66b |
Recent financial health updates
Here's Why Parag Milk Foods (NSE:PARAGMILK) Has A Meaningful Debt Burden
Jun 21
Does Parag Milk Foods (NSE:PARAGMILK) Have A Healthy Balance Sheet?
Nov 26Recent updates
Parag Milk Foods (NSE:PARAGMILK) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 18Market Might Still Lack Some Conviction On Parag Milk Foods Limited (NSE:PARAGMILK) Even After 26% Share Price Boost
Oct 15With EPS Growth And More, Parag Milk Foods (NSE:PARAGMILK) Makes An Interesting Case
Oct 02This Parag Milk Foods Limited (NSE:PARAGMILK) Analyst Is Way More Bearish Than They Used To Be
Aug 07Potential Upside For Parag Milk Foods Limited (NSE:PARAGMILK) Not Without Risk
Jul 17Returns On Capital At Parag Milk Foods (NSE:PARAGMILK) Paint A Concerning Picture
May 22Investors Still Aren't Entirely Convinced By Parag Milk Foods Limited's (NSE:PARAGMILK) Revenues Despite 29% Price Jump
Feb 13Here's What's Concerning About Parag Milk Foods' (NSE:PARAGMILK) Returns On Capital
Feb 08Parag Milk Foods (NSE:PARAGMILK) Is Reinvesting At Lower Rates Of Return
Oct 25Here's Why Parag Milk Foods (NSE:PARAGMILK) Has A Meaningful Debt Burden
Jun 21Is It Too Late To Consider Buying Parag Milk Foods Limited (NSE:PARAGMILK)?
Jul 14Calculating The Fair Value Of Parag Milk Foods Limited (NSE:PARAGMILK)
May 14Returns At Parag Milk Foods (NSE:PARAGMILK) Appear To Be Weighed Down
Apr 06Parag Milk Foods (NSE:PARAGMILK) Is Reinvesting At Lower Rates Of Return
Dec 21Does Parag Milk Foods (NSE:PARAGMILK) Have A Healthy Balance Sheet?
Nov 26At ₹146, Is It Time To Put Parag Milk Foods Limited (NSE:PARAGMILK) On Your Watch List?
Oct 13Why Parag Milk Foods' (NSE:PARAGMILK) Shaky Earnings Are Just The Beginning Of Its Problems
Jun 19Are Parag Milk Foods Limited (NSE:PARAGMILK) Investors Paying Above The Intrinsic Value?
May 27Does Parag Milk Foods Limited (NSE:PARAGMILK) Have A Place In Your Dividend Stock Portfolio?
Mar 29Are Parag Milk Foods Limited's (NSE:PARAGMILK) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Mar 15Is It Time To Consider Buying Parag Milk Foods Limited (NSE:PARAGMILK)?
Mar 03Is Parag Milk Foods Limited (NSE:PARAGMILK) Worth ₹109 Based On Its Intrinsic Value?
Feb 19Would Shareholders Who Purchased Parag Milk Foods' (NSE:PARAGMILK) Stock Three Years Be Happy With The Share price Today?
Feb 07
Returns On Capital At Parag Milk Foods (NSE:PARAGMILK) Paint An Interesting Picture
Jan 24Is Parag Milk Foods Limited (NSE:PARAGMILK) Popular Amongst Insiders?
Jan 10Financial Position Analysis
Short Term Liabilities: PARAGMILK's short term assets (₹13.6B) exceed its short term liabilities (₹7.3B).
Long Term Liabilities: PARAGMILK's short term assets (₹13.6B) exceed its long term liabilities (₹2.7B).
Debt to Equity History and Analysis
Debt Level: PARAGMILK's net debt to equity ratio (62%) is considered high.
Reducing Debt: PARAGMILK's debt to equity ratio has increased from 24.2% to 63.7% over the past 5 years.
Debt Coverage: PARAGMILK's debt is well covered by operating cash flow (23.2%).
Interest Coverage: PARAGMILK's interest payments on its debt are not well covered by EBIT (2.2x coverage).