Paradeep Phosphates Balance Sheet Health
Financial Health criteria checks 4/6
Paradeep Phosphates has a total shareholder equity of ₹34.4B and total debt of ₹39.0B, which brings its debt-to-equity ratio to 113.6%. Its total assets and total liabilities are ₹96.3B and ₹61.9B respectively. Paradeep Phosphates's EBIT is ₹5.9B making its interest coverage ratio 1.9. It has cash and short-term investments of ₹3.3B.
Key information
113.6%
Debt to equity ratio
₹39.02b
Debt
Interest coverage ratio | 1.9x |
Cash | ₹3.26b |
Equity | ₹34.36b |
Total liabilities | ₹61.89b |
Total assets | ₹96.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PARADEEP's short term assets (₹57.9B) exceed its short term liabilities (₹54.5B).
Long Term Liabilities: PARADEEP's short term assets (₹57.9B) exceed its long term liabilities (₹7.3B).
Debt to Equity History and Analysis
Debt Level: PARADEEP's net debt to equity ratio (104.1%) is considered high.
Reducing Debt: PARADEEP's debt to equity ratio has reduced from 191.4% to 113.6% over the past 5 years.
Debt Coverage: PARADEEP's debt is well covered by operating cash flow (41.1%).
Interest Coverage: PARADEEP's interest payments on its debt are not well covered by EBIT (1.9x coverage).