Palm Jewels Balance Sheet Health
Financial Health criteria checks 4/6
Palm Jewels has a total shareholder equity of ₹144.5M and total debt of ₹27.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are ₹200.1M and ₹55.6M respectively. Palm Jewels's EBIT is ₹6.8M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹2.6M.
Key information
18.7%
Debt to equity ratio
₹26.97m
Debt
Interest coverage ratio | 4.6x |
Cash | ₹2.60m |
Equity | ₹144.48m |
Total liabilities | ₹55.59m |
Total assets | ₹200.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541444's short term assets (₹193.5M) exceed its short term liabilities (₹28.6M).
Long Term Liabilities: 541444's short term assets (₹193.5M) exceed its long term liabilities (₹27.0M).
Debt to Equity History and Analysis
Debt Level: 541444's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: 541444's debt to equity ratio has increased from 4.8% to 18.7% over the past 5 years.
Debt Coverage: Insufficient data to determine if 541444's debt is well covered by operating cash flow.
Interest Coverage: 541444's interest payments on its debt are well covered by EBIT (4.6x coverage).