Parnax Lab Balance Sheet Health
Financial Health criteria checks 4/6
Parnax Lab has a total shareholder equity of ₹791.0M and total debt of ₹660.0M, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are ₹1.8B and ₹1.0B respectively. Parnax Lab's EBIT is ₹204.4M making its interest coverage ratio 4. It has cash and short-term investments of ₹16.8M.
Key information
83.4%
Debt to equity ratio
₹659.96m
Debt
| Interest coverage ratio | 4x |
| Cash | ₹16.76m |
| Equity | ₹790.96m |
| Total liabilities | ₹1.01b |
| Total assets | ₹1.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506128's short term assets (₹618.8M) do not cover its short term liabilities (₹678.7M).
Long Term Liabilities: 506128's short term assets (₹618.8M) exceed its long term liabilities (₹332.9M).
Debt to Equity History and Analysis
Debt Level: 506128's net debt to equity ratio (81.3%) is considered high.
Reducing Debt: 506128's debt to equity ratio has reduced from 109.9% to 83.4% over the past 5 years.
Debt Coverage: 506128's debt is well covered by operating cash flow (33.4%).
Interest Coverage: 506128's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 15:06 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parnax Lab Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vinayak M. | FirstCall Research |