Paradeep Phosphates Balance Sheet Health
Financial Health criteria checks 4/6
Paradeep Phosphates has a total shareholder equity of ₹37.6B and total debt of ₹43.3B, which brings its debt-to-equity ratio to 115.1%. Its total assets and total liabilities are ₹110.6B and ₹73.0B respectively. Paradeep Phosphates's EBIT is ₹8.8B making its interest coverage ratio 2.9. It has cash and short-term investments of ₹12.4B.
Key information
115.1%
Debt to equity ratio
₹43.28b
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹12.38b |
| Equity | ₹37.59b |
| Total liabilities | ₹72.98b |
| Total assets | ₹110.57b |
Recent financial health updates
Recent updates
Paradeep Phosphates (NSE:PARADEEP) Is Paying Out A Dividend Of ₹0.50
Sep 02
Here's Why Paradeep Phosphates (NSE:PARADEEP) Is Weighed Down By Its Debt Load
Jul 31Paradeep Phosphates Limited's (NSE:PARADEEP) Price Is Right But Growth Is Lacking
May 05Weak Statutory Earnings May Not Tell The Whole Story For Paradeep Phosphates (NSE:PARADEEP)
Nov 12Financial Position Analysis
Short Term Liabilities: PARADEEP's short term assets (₹71.6B) exceed its short term liabilities (₹64.4B).
Long Term Liabilities: PARADEEP's short term assets (₹71.6B) exceed its long term liabilities (₹8.5B).
Debt to Equity History and Analysis
Debt Level: PARADEEP's net debt to equity ratio (82.2%) is considered high.
Reducing Debt: PARADEEP's debt to equity ratio has reduced from 175.6% to 115.1% over the past 5 years.
Debt Coverage: PARADEEP's debt is well covered by operating cash flow (26.5%).
Interest Coverage: PARADEEP's interest payments on its debt are not well covered by EBIT (2.9x coverage).