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).