Prakash Industries Balance Sheet Health
Financial Health criteria checks 6/6
Prakash Industries has a total shareholder equity of ₹31.7B and total debt of ₹3.8B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are ₹43.0B and ₹11.3B respectively. Prakash Industries's EBIT is ₹3.6B making its interest coverage ratio 29. It has cash and short-term investments of ₹2.6B.
Key information
11.9%
Debt to equity ratio
₹3.76b
Debt
| Interest coverage ratio | 29x |
| Cash | ₹2.59b |
| Equity | ₹31.70b |
| Total liabilities | ₹11.30b |
| Total assets | ₹42.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506022's short term assets (₹10.3B) exceed its short term liabilities (₹8.1B).
Long Term Liabilities: 506022's short term assets (₹10.3B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: 506022's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 506022's debt to equity ratio has reduced from 17.2% to 11.9% over the past 5 years.
Debt Coverage: 506022's debt is well covered by operating cash flow (86.6%).
Interest Coverage: 506022's interest payments on its debt are well covered by EBIT (29x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:17 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Prakash Industries Limited is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bhavesh Chauhan | Angel Broking Private Limited |
| Naveed MD. | FirstCall Research |
| Anil Burra | FirstCall Research |