Platinum Industries Balance Sheet Health
Financial Health criteria checks 5/6
Platinum Industries has a total shareholder equity of ₹3.4B and total debt of ₹74.7M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ₹3.9B and ₹543.8M respectively. Platinum Industries's EBIT is ₹581.9M making its interest coverage ratio 24.6. It has cash and short-term investments of ₹2.6B.
Key information
2.2%
Debt to equity ratio
₹74.66m
Debt
Interest coverage ratio | 24.6x |
Cash | ₹2.56b |
Equity | ₹3.41b |
Total liabilities | ₹543.81m |
Total assets | ₹3.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLATIND's short term assets (₹3.4B) exceed its short term liabilities (₹503.0M).
Long Term Liabilities: PLATIND's short term assets (₹3.4B) exceed its long term liabilities (₹40.8M).
Debt to Equity History and Analysis
Debt Level: PLATIND has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PLATIND's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PLATIND's debt is well covered by operating cash flow (438.5%).
Interest Coverage: PLATIND's interest payments on its debt are well covered by EBIT (24.6x coverage).