PI Industries Balance Sheet Health
Financial Health criteria checks 6/6
PI Industries has a total shareholder equity of ₹79.8B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ₹101.3B and ₹21.5B respectively. PI Industries's EBIT is ₹16.3B making its interest coverage ratio -26.1. It has cash and short-term investments of ₹29.6B.
Key information
2.3%
Debt to equity ratio
₹1.81b
Debt
Interest coverage ratio | -26.1x |
Cash | ₹29.56b |
Equity | ₹79.82b |
Total liabilities | ₹21.45b |
Total assets | ₹101.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523642's short term assets (₹63.1B) exceed its short term liabilities (₹18.6B).
Long Term Liabilities: 523642's short term assets (₹63.1B) exceed its long term liabilities (₹2.9B).
Debt to Equity History and Analysis
Debt Level: 523642 has more cash than its total debt.
Reducing Debt: 523642's debt to equity ratio has reduced from 2.6% to 2.3% over the past 5 years.
Debt Coverage: 523642's debt is well covered by operating cash flow (1030%).
Interest Coverage: 523642 earns more interest than it pays, so coverage of interest payments is not a concern.