Premier Roadlines Balance Sheet Health
Financial Health criteria checks 3/6
Premier Roadlines has a total shareholder equity of ₹397.4M and total debt of ₹369.3M, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are ₹913.4M and ₹516.1M respectively. Premier Roadlines's EBIT is ₹203.2M making its interest coverage ratio 5.9. It has cash and short-term investments of ₹8.1M.
Key information
92.9%
Debt to equity ratio
₹369.30m
Debt
Interest coverage ratio | 5.9x |
Cash | ₹8.14m |
Equity | ₹397.37m |
Total liabilities | ₹516.08m |
Total assets | ₹913.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRLIND's short term assets (₹800.2M) exceed its short term liabilities (₹503.7M).
Long Term Liabilities: PRLIND's short term assets (₹800.2M) exceed its long term liabilities (₹12.4M).
Debt to Equity History and Analysis
Debt Level: PRLIND's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: Insufficient data to determine if PRLIND's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PRLIND's debt is not well covered by operating cash flow (11%).
Interest Coverage: PRLIND's interest payments on its debt are well covered by EBIT (5.9x coverage).