Persistent Systems Balance Sheet Health
Financial Health criteria checks 5/6
Persistent Systems has a total shareholder equity of ₹55.6B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ₹82.8B and ₹27.1B respectively. Persistent Systems's EBIT is ₹14.7B making its interest coverage ratio -9505. It has cash and short-term investments of ₹9.3B.
Key information
4.7%
Debt to equity ratio
₹2.63b
Debt
| Interest coverage ratio | -9505x |
| Cash | ₹9.25b |
| Equity | ₹55.64b |
| Total liabilities | ₹27.15b |
| Total assets | ₹82.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533179's short term assets (₹47.4B) exceed its short term liabilities (₹24.2B).
Long Term Liabilities: 533179's short term assets (₹47.4B) exceed its long term liabilities (₹2.9B).
Debt to Equity History and Analysis
Debt Level: 533179 has more cash than its total debt.
Reducing Debt: 533179's debt to equity ratio has increased from 0.06% to 4.7% over the past 5 years.
Debt Coverage: 533179's debt is well covered by operating cash flow (493.2%).
Interest Coverage: 533179 earns more interest than it pays, so coverage of interest payments is not a concern.