Premier Explosives Balance Sheet Health
Financial Health criteria checks 5/6
Premier Explosives has a total shareholder equity of ₹2.1B and total debt of ₹561.4M, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are ₹4.4B and ₹2.3B respectively. Premier Explosives's EBIT is ₹421.3M making its interest coverage ratio 5.5. It has cash and short-term investments of ₹234.8M.
Key information
26.3%
Debt to equity ratio
₹561.45m
Debt
Interest coverage ratio | 5.5x |
Cash | ₹234.77m |
Equity | ₹2.14b |
Total liabilities | ₹2.27b |
Total assets | ₹4.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526247's short term assets (₹2.3B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 526247's short term assets (₹2.3B) exceed its long term liabilities (₹342.2M).
Debt to Equity History and Analysis
Debt Level: 526247's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: 526247's debt to equity ratio has increased from 15.4% to 26.3% over the past 5 years.
Debt Coverage: 526247's debt is well covered by operating cash flow (169.8%).
Interest Coverage: 526247's interest payments on its debt are well covered by EBIT (5.5x coverage).