Prime Industries Balance Sheet Health
Financial Health criteria checks 6/6
Prime Industries has a total shareholder equity of ₹220.0M and total debt of ₹50.7M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are ₹285.2M and ₹65.2M respectively. Prime Industries's EBIT is ₹142.3M making its interest coverage ratio 10.4. It has cash and short-term investments of ₹60.0K.
Key information
23.0%
Debt to equity ratio
₹50.71m
Debt
Interest coverage ratio | 10.4x |
Cash | ₹60.00k |
Equity | ₹220.04m |
Total liabilities | ₹65.19m |
Total assets | ₹285.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519299's short term assets (₹260.0M) exceed its short term liabilities (₹65.2M).
Long Term Liabilities: 519299 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 519299's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: 519299's debt to equity ratio has reduced from 53.4% to 23% over the past 5 years.
Debt Coverage: 519299's debt is well covered by operating cash flow (290.8%).
Interest Coverage: 519299's interest payments on its debt are well covered by EBIT (10.4x coverage).