Prakash Steelage Balance Sheet Health
Financial Health criteria checks 6/6
Prakash Steelage has a total shareholder equity of ₹77.2M and total debt of ₹3.1M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ₹403.6M and ₹326.4M respectively. Prakash Steelage's EBIT is ₹9.1M making its interest coverage ratio 5.8. It has cash and short-term investments of ₹8.0M.
Key information
4.0%
Debt to equity ratio
₹3.07m
Debt
Interest coverage ratio | 5.8x |
Cash | ₹7.98m |
Equity | ₹77.17m |
Total liabilities | ₹326.44m |
Total assets | ₹403.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533239's short term assets (₹330.9M) exceed its short term liabilities (₹319.6M).
Long Term Liabilities: 533239's short term assets (₹330.9M) exceed its long term liabilities (₹6.9M).
Debt to Equity History and Analysis
Debt Level: 533239 has more cash than its total debt.
Reducing Debt: 533239 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 533239's debt is well covered by operating cash flow (9515.5%).
Interest Coverage: 533239's interest payments on its debt are well covered by EBIT (5.8x coverage).