Prime Property Development Balance Sheet Health
Financial Health criteria checks 4/6
Prime Property Development has a total shareholder equity of ₹779.1M and total debt of ₹23.7M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ₹887.2M and ₹108.1M respectively. Prime Property Development's EBIT is ₹42.4M making its interest coverage ratio -4.4. It has cash and short-term investments of ₹15.4M.
Key information
3.0%
Debt to equity ratio
₹23.74m
Debt
| Interest coverage ratio | -4.4x |
| Cash | ₹15.35m |
| Equity | ₹779.09m |
| Total liabilities | ₹108.12m |
| Total assets | ₹887.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530695's short term assets (₹162.0M) exceed its short term liabilities (₹72.4M).
Long Term Liabilities: 530695's short term assets (₹162.0M) exceed its long term liabilities (₹35.8M).
Debt to Equity History and Analysis
Debt Level: 530695's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 530695's debt to equity ratio has increased from 0% to 3% over the past 5 years.
Debt Coverage: 530695's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530695 earns more interest than it pays, so coverage of interest payments is not a concern.