Platinum Industries Balance Sheet Health
Financial Health criteria checks 4/6
Platinum Industries has a total shareholder equity of ₹3.7B and total debt of ₹103.2M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹4.3B and ₹545.0M respectively. Platinum Industries's EBIT is ₹709.5M making its interest coverage ratio -985.5. It has cash and short-term investments of ₹1.9B.
Key information
2.8%
Debt to equity ratio
₹103.16m
Debt
| Interest coverage ratio | -985.5x |
| Cash | ₹1.85b |
| Equity | ₹3.73b |
| Total liabilities | ₹544.97m |
| Total assets | ₹4.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PLATIND's short term assets (₹3.3B) exceed its short term liabilities (₹494.1M).
Long Term Liabilities: PLATIND's short term assets (₹3.3B) exceed its long term liabilities (₹50.9M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PLATIND earns more interest than it pays, so coverage of interest payments is not a concern.