Prakash Industries Balance Sheet Health
Financial Health criteria checks 5/6
Prakash Industries has a total shareholder equity of ₹31.1B and total debt of ₹4.3B, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ₹42.9B and ₹11.7B respectively. Prakash Industries's EBIT is ₹3.2B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹2.7B.
Key information
13.9%
Debt to equity ratio
₹4.33b
Debt
| Interest coverage ratio | 6.8x |
| Cash | ₹2.75b |
| Equity | ₹31.12b |
| Total liabilities | ₹11.73b |
| Total assets | ₹42.85b |
Recent financial health updates
Prakash Industries (NSE:PRAKASH) Has A Pretty Healthy Balance Sheet
Mar 12
These 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 30Recent updates
Positive 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 15What Kind Of Shareholders Hold The Majority In Prakash Industries Limited's (NSE:PRAKASH) Shares?
Aug 25Are You An Income Investor? Don't Miss Out On Prakash Industries Limited (NSE:PRAKASH)
Jul 27Financial Position Analysis
Short Term Liabilities: PRAKASH's short term assets (₹8.5B) do not cover its short term liabilities (₹8.7B).
Long Term Liabilities: PRAKASH's short term assets (₹8.5B) exceed its long term liabilities (₹3.1B).
Debt to Equity History and Analysis
Debt Level: PRAKASH's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: PRAKASH's debt to equity ratio has reduced from 25.3% to 13.9% over the past 5 years.
Debt Coverage: PRAKASH's debt is well covered by operating cash flow (128.6%).
Interest Coverage: PRAKASH's interest payments on its debt are well covered by EBIT (6.8x coverage).