Prakash Steelage Balance Sheet Health
Financial Health criteria checks 6/6
Prakash Steelage has a total shareholder equity of ₹80.7M and total debt of ₹38.2M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are ₹363.0M and ₹282.3M respectively. Prakash Steelage's EBIT is ₹25.9M making its interest coverage ratio 166.1. It has cash and short-term investments of ₹9.0M.
Key information
47.3%
Debt to equity ratio
₹38.20m
Debt
| Interest coverage ratio | 166.1x |
| Cash | ₹8.98m |
| Equity | ₹80.70m |
| Total liabilities | ₹282.25m |
| Total assets | ₹362.95m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533239's short term assets (₹292.1M) exceed its short term liabilities (₹275.0M).
Long Term Liabilities: 533239's short term assets (₹292.1M) exceed its long term liabilities (₹7.2M).
Debt to Equity History and Analysis
Debt Level: 533239's net debt to equity ratio (36.2%) is considered satisfactory.
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 (587.7%).
Interest Coverage: 533239's interest payments on its debt are well covered by EBIT (166.1x coverage).