Primo Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Primo Chemicals has a total shareholder equity of ₹3.9B and total debt of ₹1.7B, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are ₹7.4B and ₹3.5B respectively. Primo Chemicals's EBIT is ₹10.7M making its interest coverage ratio 0.1. It has cash and short-term investments of ₹74.0M.
Key information
43.5%
Debt to equity ratio
₹1.69b
Debt
| Interest coverage ratio | 0.05x |
| Cash | ₹74.00m |
| Equity | ₹3.89b |
| Total liabilities | ₹3.47b |
| Total assets | ₹7.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506852's short term assets (₹1.3B) do not cover its short term liabilities (₹2.3B).
Long Term Liabilities: 506852's short term assets (₹1.3B) exceed its long term liabilities (₹1.1B).
Debt to Equity History and Analysis
Debt Level: 506852's net debt to equity ratio (41.6%) is considered high.
Reducing Debt: 506852's debt to equity ratio has reduced from 44.7% to 43.5% over the past 5 years.
Debt Coverage: 506852's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: 506852's interest payments on its debt are not well covered by EBIT (0.1x coverage).