Premier Explosives Balance Sheet Health
Financial Health criteria checks 4/6
Premier Explosives has a total shareholder equity of ₹2.4B and total debt of ₹913.3M, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are ₹5.1B and ₹2.8B respectively. Premier Explosives's EBIT is ₹404.2M making its interest coverage ratio 6.7. It has cash and short-term investments of ₹116.8M.
Key information
38.6%
Debt to equity ratio
₹913.32m
Debt
| Interest coverage ratio | 6.7x |
| Cash | ₹116.81m |
| Equity | ₹2.37b |
| Total liabilities | ₹2.77b |
| Total assets | ₹5.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526247's short term assets (₹3.1B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 526247's short term assets (₹3.1B) exceed its long term liabilities (₹377.6M).
Debt to Equity History and Analysis
Debt Level: 526247's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 526247's debt to equity ratio has increased from 17.7% to 38.6% over the past 5 years.
Debt Coverage: 526247's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 526247's interest payments on its debt are well covered by EBIT (6.7x coverage).