Permanent Magnets Balance Sheet Health
Financial Health criteria checks 6/6
Permanent Magnets has a total shareholder equity of ₹1.3B and total debt of ₹134.2M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ₹1.9B and ₹613.9M respectively. Permanent Magnets's EBIT is ₹305.5M making its interest coverage ratio 13.4. It has cash and short-term investments of ₹403.2M.
Key information
10.3%
Debt to equity ratio
₹134.20m
Debt
Interest coverage ratio | 13.4x |
Cash | ₹403.20m |
Equity | ₹1.30b |
Total liabilities | ₹613.90m |
Total assets | ₹1.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 504132's short term assets (₹1.4B) exceed its short term liabilities (₹424.3M).
Long Term Liabilities: 504132's short term assets (₹1.4B) exceed its long term liabilities (₹189.6M).
Debt to Equity History and Analysis
Debt Level: 504132 has more cash than its total debt.
Reducing Debt: 504132's debt to equity ratio has reduced from 25.3% to 10.3% over the past 5 years.
Debt Coverage: 504132's debt is well covered by operating cash flow (179.4%).
Interest Coverage: 504132's interest payments on its debt are well covered by EBIT (13.4x coverage).