Paramount Speciality Forgings Balance Sheet Health
Financial Health criteria checks 3/6
Paramount Speciality Forgings has a total shareholder equity of ₹229.1M and total debt of ₹249.3M, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are ₹817.9M and ₹588.8M respectively. Paramount Speciality Forgings's EBIT is ₹117.2M making its interest coverage ratio 8.2. It has cash and short-term investments of ₹3.6M.
Key information
108.8%
Debt to equity ratio
₹249.28m
Debt
| Interest coverage ratio | 8.2x |
| Cash | ₹3.58m |
| Equity | ₹229.15m |
| Total liabilities | ₹588.77m |
| Total assets | ₹817.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSFL's short term assets (₹698.0M) exceed its short term liabilities (₹580.5M).
Long Term Liabilities: PSFL's short term assets (₹698.0M) exceed its long term liabilities (₹8.2M).
Debt to Equity History and Analysis
Debt Level: PSFL's net debt to equity ratio (107.2%) is considered high.
Reducing Debt: Insufficient data to determine if PSFL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PSFL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PSFL's interest payments on its debt are well covered by EBIT (8.2x coverage).