Pranik Logistics Balance Sheet Health
Financial Health criteria checks 5/6
Pranik Logistics has a total shareholder equity of ₹114.3M and total debt of ₹178.4M, which brings its debt-to-equity ratio to 156.1%. Its total assets and total liabilities are ₹356.8M and ₹242.5M respectively. Pranik Logistics's EBIT is ₹65.2M making its interest coverage ratio 5.6. It has cash and short-term investments of ₹85.4M.
Key information
156.1%
Debt to equity ratio
₹178.40m
Debt
| Interest coverage ratio | 5.6x |
| Cash | ₹85.44m |
| Equity | ₹114.32m |
| Total liabilities | ₹242.51m |
| Total assets | ₹356.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRANIK's short term assets (₹304.4M) exceed its short term liabilities (₹222.4M).
Long Term Liabilities: PRANIK's short term assets (₹304.4M) exceed its long term liabilities (₹20.2M).
Debt to Equity History and Analysis
Debt Level: PRANIK's net debt to equity ratio (81.3%) is considered high.
Reducing Debt: PRANIK's debt to equity ratio has reduced from 500.2% to 156.1% over the past 5 years.
Debt Coverage: PRANIK's debt is well covered by operating cash flow (33.5%).
Interest Coverage: PRANIK's interest payments on its debt are well covered by EBIT (5.6x coverage).