Panama Petrochem Balance Sheet Health
Financial Health criteria checks 5/6
Panama Petrochem has a total shareholder equity of ₹11.0B and total debt of ₹260.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are ₹14.1B and ₹3.1B respectively. Panama Petrochem's EBIT is ₹2.6B making its interest coverage ratio 15.1. It has cash and short-term investments of ₹1.3B.
Key information
2.4%
Debt to equity ratio
₹260.10m
Debt
Interest coverage ratio | 15.1x |
Cash | ₹1.33b |
Equity | ₹11.03b |
Total liabilities | ₹3.07b |
Total assets | ₹14.09b |
Recent financial health updates
Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Aug 03Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Feb 14Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Nov 09Recent updates
Panama Petrochem's (NSE:PANAMAPET) Dividend Will Be ₹4.00
Jul 30Panama Petrochem Limited (NSE:PANAMAPET) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Jul 05Weak Statutory Earnings May Not Tell The Whole Story For Panama Petrochem (NSE:PANAMAPET)
Jun 03Panama Petrochem's (NSE:PANAMAPET) Dividend Will Be Reduced To ₹5.00
Jul 27Panama Petrochem (NSE:PANAMAPET) Is Very Good At Capital Allocation
Mar 06Panama Petrochem (NSE:PANAMAPET) Will Pay A Larger Dividend Than Last Year At ₹6.00
Aug 07Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Aug 03Does Panama Petrochem (NSE:PANAMAPET) Deserve A Spot On Your Watchlist?
May 11We Think Panama Petrochem (NSE:PANAMAPET) Might Have The DNA Of A Multi-Bagger
Mar 14Do Panama Petrochem's (NSE:PANAMAPET) Earnings Warrant Your Attention?
Oct 19Panama Petrochem's (NSE:PANAMAPET) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 09Do Panama Petrochem's (NSE:PANAMAPET) Earnings Warrant Your Attention?
Jun 10Panama Petrochem (NSE:PANAMAPET) Is Achieving High Returns On Its Capital
May 27The Attractive Combination That Could Earn Panama Petrochem Limited (NSE:PANAMAPET) A Place In Your Dividend Portfolio
Mar 29Are Insiders Buying Panama Petrochem Limited (NSE:PANAMAPET) Stock?
Mar 15What Kind Of Shareholders Hold The Majority In Panama Petrochem Limited's (NSE:PANAMAPET) Shares?
Mar 01Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Feb 14We're Watching These Trends At Panama Petrochem (NSE:PANAMAPET)
Jan 31Is Panama Petrochem Limited's (NSE:PANAMAPET) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 16Is Panama Petrochem's (NSE:PANAMAPET) 103% Share Price Increase Well Justified?
Jan 03We Think Panama Petrochem's (NSE:PANAMAPET) Statutory Profit Might Understate Its Earnings Potential
Dec 07MD, CEO & Executive Director Amin Rayani Just Bought 4.1% More Shares In Panama Petrochem Limited (NSE:PANAMAPET)
Nov 22Is Panama Petrochem (NSE:PANAMAPET) A Risky Investment?
Nov 09Is Panama Petrochem (NSE:PANAMAPET) Likely To Turn Things Around?
Oct 21Amin Rayani Is The MD, CEO & Executive Director of Panama Petrochem Limited (NSE:PANAMAPET) And They Just Picked Up 6.6% More Shares
Sep 25Panama Petrochem Limited's (NSE:PANAMAPET) Shares Lagging The Market But So Is The Business
Sep 14Financial Position Analysis
Short Term Liabilities: PANAMAPET's short term assets (₹11.2B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: PANAMAPET's short term assets (₹11.2B) exceed its long term liabilities (₹135.4M).
Debt to Equity History and Analysis
Debt Level: PANAMAPET has more cash than its total debt.
Reducing Debt: PANAMAPET's debt to equity ratio has reduced from 38.6% to 2.4% over the past 5 years.
Debt Coverage: PANAMAPET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PANAMAPET's interest payments on its debt are well covered by EBIT (15.1x coverage).