Persistent Systems Balance Sheet Health
Financial Health criteria checks 5/6
Persistent Systems has a total shareholder equity of ₹49.6B and total debt of ₹2.1B, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ₹73.7B and ₹24.2B respectively. Persistent Systems's EBIT is ₹13.7B making its interest coverage ratio 29.2. It has cash and short-term investments of ₹13.0B.
Key information
4.2%
Debt to equity ratio
₹2.07b
Debt
Interest coverage ratio | 29.2x |
Cash | ₹12.96b |
Equity | ₹49.58b |
Total liabilities | ₹24.16b |
Total assets | ₹73.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533179's short term assets (₹41.2B) exceed its short term liabilities (₹21.8B).
Long Term Liabilities: 533179's short term assets (₹41.2B) exceed its long term liabilities (₹2.3B).
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 0.07% to 4.2% over the past 5 years.
Debt Coverage: 533179's debt is well covered by operating cash flow (589.1%).
Interest Coverage: 533179's interest payments on its debt are well covered by EBIT (29.2x coverage).