Paragon Fine And Speciality Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Paragon Fine And Speciality Chemical has a total shareholder equity of ₹851.8M and total debt of ₹62.5M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are ₹1.0B and ₹168.8M respectively. Paragon Fine And Speciality Chemical's EBIT is ₹128.9M making its interest coverage ratio -56.9. It has cash and short-term investments of ₹142.3M.
Key information
7.3%
Debt to equity ratio
₹62.52m
Debt
| Interest coverage ratio | -56.9x |
| Cash | ₹142.29m |
| Equity | ₹851.85m |
| Total liabilities | ₹168.85m |
| Total assets | ₹1.02b |
Financial Position Analysis
Short Term Liabilities: PARAGON's short term assets (₹850.8M) exceed its short term liabilities (₹103.3M).
Long Term Liabilities: PARAGON's short term assets (₹850.8M) exceed its long term liabilities (₹65.5M).
Debt to Equity History and Analysis
Debt Level: PARAGON has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PARAGON's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PARAGON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PARAGON earns more interest than it pays, so coverage of interest payments is not a concern.