Garovaglio y Zorraquín Balance Sheet Health
Financial Health criteria checks 5/6
Garovaglio y Zorraquín has a total shareholder equity of ARS4.3B and total debt of ARS423.6M, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are ARS21.8B and ARS17.5B respectively. Garovaglio y Zorraquín's EBIT is ARS5.5B making its interest coverage ratio -30. It has cash and short-term investments of ARS3.9B.
Key information
9.9%
Debt to equity ratio
AR$423.57m
Debt
| Interest coverage ratio | -30x |
| Cash | AR$3.95b |
| Equity | AR$4.30b |
| Total liabilities | AR$17.47b |
| Total assets | AR$21.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GARO's short term assets (ARS12.8B) do not cover its short term liabilities (ARS15.8B).
Long Term Liabilities: GARO's short term assets (ARS12.8B) exceed its long term liabilities (ARS1.7B).
Debt to Equity History and Analysis
Debt Level: GARO has more cash than its total debt.
Reducing Debt: GARO's debt to equity ratio has reduced from 26.9% to 9.9% over the past 5 years.
Debt Coverage: GARO's debt is well covered by operating cash flow (1548.5%).
Interest Coverage: GARO earns more interest than it pays, so coverage of interest payments is not a concern.