Prakash Industries Balance Sheet Health
Financial Health criteria checks 5/6
Prakash Industries has a total shareholder equity of ₹31.1B and total debt of ₹4.3B, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ₹42.9B and ₹11.7B respectively. Prakash Industries's EBIT is ₹3.2B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹2.7B.
Key information
13.9%
Debt to equity ratio
₹4.33b
Debt
Interest coverage ratio | 6.8x |
Cash | ₹2.75b |
Equity | ₹31.12b |
Total liabilities | ₹11.73b |
Total assets | ₹42.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506022's short term assets (₹8.5B) do not cover its short term liabilities (₹8.7B).
Long Term Liabilities: 506022's short term assets (₹8.5B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: 506022's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 506022's debt to equity ratio has reduced from 25.3% to 13.9% over the past 5 years.
Debt Coverage: 506022's debt is well covered by operating cash flow (128.6%).
Interest Coverage: 506022's interest payments on its debt are well covered by EBIT (6.8x coverage).