Primo Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Primo Chemicals has a total shareholder equity of ₹4.0B and total debt of ₹1.6B, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are ₹7.1B and ₹3.2B respectively. Primo Chemicals's EBIT is ₹190.2M making its interest coverage ratio 1.3. It has cash and short-term investments of ₹31.4M.
Key information
40.6%
Debt to equity ratio
₹1.60b
Debt
Interest coverage ratio | 1.3x |
Cash | ₹31.41m |
Equity | ₹3.95b |
Total liabilities | ₹3.16b |
Total assets | ₹7.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506852's short term assets (₹1.0B) do not cover its short term liabilities (₹1.7B).
Long Term Liabilities: 506852's short term assets (₹1.0B) do not cover its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: 506852's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: 506852's debt to equity ratio has reduced from 43.2% to 40.6% over the past 5 years.
Debt Coverage: 506852's debt is well covered by operating cash flow (51%).
Interest Coverage: 506852's interest payments on its debt are not well covered by EBIT (1.3x coverage).