Palm Jewels Balance Sheet Health
Financial Health criteria checks 4/6
Palm Jewels has a total shareholder equity of ₹153.0M and total debt of ₹23.2M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are ₹219.0M and ₹65.9M respectively. Palm Jewels's EBIT is ₹8.3M making its interest coverage ratio 7.3. It has cash and short-term investments of ₹3.7M.
Key information
15.2%
Debt to equity ratio
₹23.20m
Debt
| Interest coverage ratio | 7.3x |
| Cash | ₹3.69m |
| Equity | ₹153.04m |
| Total liabilities | ₹65.93m |
| Total assets | ₹218.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 541444's short term assets (₹209.2M) exceed its short term liabilities (₹56.4M).
Long Term Liabilities: 541444's short term assets (₹209.2M) exceed its long term liabilities (₹9.5M).
Debt to Equity History and Analysis
Debt Level: 541444's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: 541444's debt to equity ratio has increased from 3.6% to 15.2% 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 (7.3x coverage).