Premier Explosives Balance Sheet Health
Financial Health criteria checks 4/6
Premier Explosives has a total shareholder equity of ₹2.4B and total debt of ₹913.3M, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are ₹5.1B and ₹2.8B respectively. Premier Explosives's EBIT is ₹404.2M making its interest coverage ratio 6.7. It has cash and short-term investments of ₹116.8M.
Key information
38.6%
Debt to equity ratio
₹913.32m
Debt
| Interest coverage ratio | 6.7x |
| Cash | ₹116.81m |
| Equity | ₹2.37b |
| Total liabilities | ₹2.77b |
| Total assets | ₹5.14b |
Recent financial health updates
Premier Explosives (NSE:PREMEXPLN) Has A Rock Solid Balance Sheet
Mar 12
Premier Explosives (NSE:PREMEXPLN) Seems To Use Debt Rather Sparingly
Dec 09Premier Explosives (NSE:PREMEXPLN) Seems To Use Debt Quite Sensibly
Jul 26Is Premier Explosives (NSE:PREMEXPLN) A Risky Investment?
Jul 20These 4 Measures Indicate That Premier Explosives (NSE:PREMEXPLN) Is Using Debt Extensively
Jan 20Premier Explosives (NSE:PREMEXPLN) Is Making Moderate Use Of Debt
Dec 02
Recent updates
Premier Explosives (NSE:PREMEXPLN) Might Have The Makings Of A Multi-Bagger
Oct 24We Take A Look At Why Premier Explosives Limited's (NSE:PREMEXPLN) CEO Compensation Is Well Earned
Sep 21Here's Why We Think Premier Explosives (NSE:PREMEXPLN) Is Well Worth Watching
Aug 10Why Investors Shouldn't Be Surprised By Premier Explosives Limited's (NSE:PREMEXPLN) 34% Share Price Surge
Jun 11Premier Explosives' (NSE:PREMEXPLN) Earnings May Just Be The Starting Point
Jun 07Investors Appear Satisfied With Premier Explosives Limited's (NSE:PREMEXPLN) Prospects As Shares Rocket 33%
Apr 10Should You Be Adding Premier Explosives (NSE:PREMEXPLN) To Your Watchlist Today?
Apr 09Premier Explosives (NSE:PREMEXPLN) Has A Rock Solid Balance Sheet
Mar 12Premier Explosives Limited's (NSE:PREMEXPLN) Business Is Trailing The Market But Its Shares Aren't
Jan 25Premier Explosives (NSE:PREMEXPLN) Seems To Use Debt Rather Sparingly
Dec 09Premier Explosives' (NSE:PREMEXPLN) Performance Is Even Better Than Its Earnings Suggest
Nov 06Premier Explosives (NSE:PREMEXPLN) Seems To Use Debt Quite Sensibly
Jul 26Return Trends At Premier Explosives (NSE:PREMEXPLN) Aren't Appealing
Jul 10Capital Allocation Trends At Premier Explosives (NSE:PREMEXPLN) Aren't Ideal
Apr 07Is Premier Explosives (NSE:PREMEXPLN) A Risky Investment?
Jul 20Returns On Capital At Premier Explosives (NSE:PREMEXPLN) Paint A Concerning Picture
Jun 02Returns On Capital At Premier Explosives (NSE:PREMEXPLN) Paint A Concerning Picture
Feb 28These 4 Measures Indicate That Premier Explosives (NSE:PREMEXPLN) Is Using Debt Extensively
Jan 20Be Wary Of Premier Explosives (NSE:PREMEXPLN) And Its Returns On Capital
Jun 30How Does Premier Explosives' (NSE:PREMEXPLN) CEO Pay Compare With Company Performance?
Feb 09Tripuraneni Chowdary Is The Deputy MD & Executive Director of Premier Explosives Limited (NSE:PREMEXPLN) And They Just Sold 44% Of Their Shares
Dec 22Premier Explosives (NSE:PREMEXPLN) Is Making Moderate Use Of Debt
Dec 02Would Premier Explosives (NSE:PREMEXPLN) Be Better Off With Less Debt?
Aug 19Premier Explosives Limited (NSE:PREMEXPLN) Investors Should Think About This Before Buying It For Its Dividend
Jul 09Financial Position Analysis
Short Term Liabilities: PREMEXPLN's short term assets (₹3.1B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: PREMEXPLN's short term assets (₹3.1B) exceed its long term liabilities (₹377.6M).
Debt to Equity History and Analysis
Debt Level: PREMEXPLN's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: PREMEXPLN's debt to equity ratio has increased from 17.7% to 38.6% over the past 5 years.
Debt Coverage: PREMEXPLN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PREMEXPLN's interest payments on its debt are well covered by EBIT (6.7x coverage).