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 ₹244.7M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are ₹1.9B and ₹613.8M respectively. Permanent Magnets's EBIT is ₹229.0M making its interest coverage ratio -127.2. It has cash and short-term investments of ₹288.8M.
Key information
18.9%
Debt to equity ratio
₹244.70m
Debt
| Interest coverage ratio | -127.2x |
| Cash | ₹288.80m |
| Equity | ₹1.30b |
| Total liabilities | ₹613.80m |
| 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 (₹189.5M).
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 24.3% to 18.9% over the past 5 years.
Debt Coverage: 504132's debt is well covered by operating cash flow (96.3%).
Interest Coverage: 504132 earns more interest than it pays, so coverage of interest payments is not a concern.