Prakash Industries Balance Sheet Health
Financial Health criteria checks 6/6
Prakash Industries has a total shareholder equity of ₹31.7B and total debt of ₹3.8B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are ₹43.0B and ₹11.3B respectively. Prakash Industries's EBIT is ₹3.6B making its interest coverage ratio 29. It has cash and short-term investments of ₹2.6B.
Key information
11.9%
Debt to equity ratio
₹3.76b
Debt
| Interest coverage ratio | 29x |
| Cash | ₹2.59b |
| Equity | ₹31.70b |
| Total liabilities | ₹11.30b |
| Total assets | ₹42.99b |
Recent financial health updates
We Think Prakash Industries (NSE:PRAKASH) Can Stay On Top Of Its Debt
Aug 07
Prakash Industries (NSE:PRAKASH) Has A Pretty Healthy Balance Sheet
Mar 12These 4 Measures Indicate That Prakash Industries (NSE:PRAKASH) Is Using Debt Reasonably Well
Jun 28Prakash Industries (NSE:PRAKASH) Has A Somewhat Strained Balance Sheet
Dec 26Here's Why Prakash Industries (NSE:PRAKASH) Can Manage Its Debt Responsibly
Aug 30We Think Prakash Industries (NSE:PRAKASH) Can Stay On Top Of Its Debt
May 13Recent updates
Prakash Industries (NSE:PRAKASH) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 24Prakash Industries Limited's (NSE:PRAKASH) Shares Leap 27% Yet They're Still Not Telling The Full Story
Sep 06Returns On Capital At Prakash Industries (NSE:PRAKASH) Paint A Concerning Picture
Aug 27We Think Prakash Industries (NSE:PRAKASH) Can Stay On Top Of Its Debt
Aug 07Even With A 35% Surge, Cautious Investors Are Not Rewarding Prakash Industries Limited's (NSE:PRAKASH) Performance Completely
Jul 05Prakash Industries' (NSE:PRAKASH) Earnings Are Of Questionable Quality
May 25Positive Sentiment Still Eludes Prakash Industries Limited (NSE:PRAKASH) Following 26% Share Price Slump
Mar 21Prakash Industries (NSE:PRAKASH) Has A Pretty Healthy Balance Sheet
Mar 12Prakash Industries Limited (NSE:PRAKASH) Soars 25% But It's A Story Of Risk Vs Reward
Jan 30With EPS Growth And More, Prakash Industries (NSE:PRAKASH) Makes An Interesting Case
Jan 26Estimating The Intrinsic Value Of Prakash Industries Limited (NSE:PRAKASH)
Jan 04Here's Why Prakash Industries (NSE:PRAKASH) Has Caught The Eye Of Investors
Aug 24These 4 Measures Indicate That Prakash Industries (NSE:PRAKASH) Is Using Debt Reasonably Well
Jun 28Prakash Industries (NSE:PRAKASH) Has A Somewhat Strained Balance Sheet
Dec 26Here's Why Prakash Industries (NSE:PRAKASH) Can Manage Its Debt Responsibly
Aug 30We Think Prakash Industries (NSE:PRAKASH) Can Stay On Top Of Its Debt
May 13These 4 Measures Indicate That Prakash Industries (NSE:PRAKASH) Is Using Debt Reasonably Well
Nov 30We Think That There Are More Issues For Prakash Industries (NSE:PRAKASH) Than Just Sluggish Earnings
Jun 07Ved Agarwal Is The Executive Chairman of Prakash Industries Limited (NSE:PRAKASH) And Just Spent ₹1.1m On Shares
Feb 26Who Has Been Buying Prakash Industries Limited (NSE:PRAKASH) Shares?
Feb 02Prakash Industries (NSE:PRAKASH) Has A Somewhat Strained Balance Sheet
Jan 12What Type Of Returns Would Prakash Industries'(NSE:PRAKASH) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 22
How Much Of Prakash Industries Limited (NSE:PRAKASH) Do Insiders Own?
Dec 01How Many Prakash Industries Limited (NSE:PRAKASH) Shares Did Insiders Buy, In The Last Year?
Oct 15Reflecting on Prakash Industries' (NSE:PRAKASH) Share Price Returns Over The Last Three Years
Sep 15Financial Position Analysis
Short Term Liabilities: PRAKASH's short term assets (₹10.3B) exceed its short term liabilities (₹8.1B).
Long Term Liabilities: PRAKASH's short term assets (₹10.3B) exceed its long term liabilities (₹3.2B).
Debt to Equity History and Analysis
Debt Level: PRAKASH's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: PRAKASH's debt to equity ratio has reduced from 17.2% to 11.9% over the past 5 years.
Debt Coverage: PRAKASH's debt is well covered by operating cash flow (86.6%).
Interest Coverage: PRAKASH's interest payments on its debt are well covered by EBIT (29x coverage).