Prakash Steelage Balance Sheet Health
Financial Health criteria checks 1/6
Prakash Steelage has a total shareholder equity of ₹-283.4M and total debt of ₹256.1M, which brings its debt-to-equity ratio to -90.4%. Its total assets and total liabilities are ₹294.9M and ₹578.4M respectively. Prakash Steelage's EBIT is ₹237.7M making its interest coverage ratio -693.1. It has cash and short-term investments of ₹9.3M.
Key information
-90.4%
Debt to equity ratio
₹256.11m
Debt
| Interest coverage ratio | -693.1x |
| Cash | ₹9.33m |
| Equity | -₹283.44m |
| Total liabilities | ₹578.37m |
| Total assets | ₹294.93m |
Recent financial health updates
Recent updates
Investors Give Prakash Steelage Limited (NSE:PRAKASHSTL) Shares A 27% Hiding
Feb 10
A Piece Of The Puzzle Missing From Prakash Steelage Limited's (NSE:PRAKASHSTL) 34% Share Price Climb
Dec 20Market Might Still Lack Some Conviction On Prakash Steelage Limited (NSE:PRAKASHSTL) Even After 48% Share Price Boost
Aug 15Financial Position Analysis
Short Term Liabilities: PRAKASHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PRAKASHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRAKASHSTL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PRAKASHSTL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PRAKASHSTL's debt is not well covered by operating cash flow (19%).
Interest Coverage: PRAKASHSTL earns more interest than it pays, so coverage of interest payments is not a concern.