Prakash Steelage Balance Sheet Health
Financial Health criteria checks 1/6
Prakash Steelage has a total shareholder equity of ₹-283.4M and total debt of ₹256.1M, which brings its debt-to-equity ratio to -90.4%. Its total assets and total liabilities are ₹294.9M and ₹578.4M respectively. Prakash Steelage's EBIT is ₹237.7M making its interest coverage ratio -693.1. It has cash and short-term investments of ₹9.3M.
Key information
-90.4%
Debt to equity ratio
₹256.11m
Debt
Interest coverage ratio | -693.1x |
Cash | ₹9.33m |
Equity | -₹283.44m |
Total liabilities | ₹578.37m |
Total assets | ₹294.93m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533239 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 533239 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 533239 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 533239's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 533239's debt is not well covered by operating cash flow (19%).
Interest Coverage: 533239 earns more interest than it pays, so coverage of interest payments is not a concern.