Paragon Fine And Speciality Chemical Balance Sheet Health
Financial Health criteria checks 3/6
Paragon Fine And Speciality Chemical has a total shareholder equity of ₹282.6M and total debt of ₹241.8M, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are ₹723.2M and ₹440.6M respectively. Paragon Fine And Speciality Chemical's EBIT is ₹176.4M making its interest coverage ratio 15.1. It has cash and short-term investments of ₹1.3M.
Key information
85.6%
Debt to equity ratio
₹241.82m
Debt
Interest coverage ratio | 15.1x |
Cash | ₹1.34m |
Equity | ₹282.65m |
Total liabilities | ₹440.59m |
Total assets | ₹723.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PARAGON's short term assets (₹616.4M) exceed its short term liabilities (₹274.0M).
Long Term Liabilities: PARAGON's short term assets (₹616.4M) exceed its long term liabilities (₹166.5M).
Debt to Equity History and Analysis
Debt Level: PARAGON's net debt to equity ratio (85.1%) is considered high.
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's interest payments on its debt are well covered by EBIT (15.1x coverage).