Promotion and Development Balance Sheet Health
Financial Health criteria checks 2/6
Promotion and Development has a total shareholder equity of MUR15.4B and total debt of MUR1.7B, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are MUR17.5B and MUR2.1B respectively. Promotion and Development's EBIT is MUR185.8M making its interest coverage ratio 1.6. It has cash and short-term investments of MUR15.4M.
Key information
10.9%
Debt to equity ratio
MU₨1.67b
Debt
Interest coverage ratio | 1.6x |
Cash | MU₨15.40m |
Equity | MU₨15.37b |
Total liabilities | MU₨2.11b |
Total assets | MU₨17.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAD.N0000's short term assets (MUR198.7M) do not cover its short term liabilities (MUR576.5M).
Long Term Liabilities: PAD.N0000's short term assets (MUR198.7M) do not cover its long term liabilities (MUR1.5B).
Debt to Equity History and Analysis
Debt Level: PAD.N0000's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: PAD.N0000's debt to equity ratio has reduced from 12.7% to 10.9% over the past 5 years.
Debt Coverage: PAD.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PAD.N0000's interest payments on its debt are not well covered by EBIT (1.6x coverage).