Premier Roadlines Balance Sheet Health
Financial Health criteria checks 5/6
Premier Roadlines has a total shareholder equity of ₹788.8M and total debt of ₹38.8M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are ₹971.1M and ₹182.2M respectively. Premier Roadlines's EBIT is ₹202.6M making its interest coverage ratio 8.6. It has cash and short-term investments of ₹12.2M.
Key information
4.9%
Debt to equity ratio
₹38.80m
Debt
| Interest coverage ratio | 8.6x |
| Cash | ₹12.18m |
| Equity | ₹788.85m |
| Total liabilities | ₹182.22m |
| Total assets | ₹971.07m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PRLIND's short term assets (₹831.1M) exceed its short term liabilities (₹169.7M).
Long Term Liabilities: PRLIND's short term assets (₹831.1M) exceed its long term liabilities (₹12.5M).
Debt to Equity History and Analysis
Debt Level: PRLIND's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: PRLIND's debt to equity ratio has reduced from 169.2% to 4.9% over the past 5 years.
Debt Coverage: PRLIND's debt is not well covered by operating cash flow (18%).
Interest Coverage: PRLIND's interest payments on its debt are well covered by EBIT (8.6x coverage).