Grindwell Norton Balance Sheet Health
Financial Health criteria checks 5/6
Grindwell Norton has a total shareholder equity of ₹20.7B and total debt of ₹173.4M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ₹28.4B and ₹7.7B respectively. Grindwell Norton's EBIT is ₹4.3B making its interest coverage ratio -25.2. It has cash and short-term investments of ₹6.6B.
Key information
0.8%
Debt to equity ratio
₹173.40m
Debt
| Interest coverage ratio | -25.2x |
| Cash | ₹6.62b |
| Equity | ₹20.70b |
| Total liabilities | ₹7.70b |
| Total assets | ₹28.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506076's short term assets (₹16.5B) exceed its short term liabilities (₹6.4B).
Long Term Liabilities: 506076's short term assets (₹16.5B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: 506076 has more cash than its total debt.
Reducing Debt: 506076's debt to equity ratio has increased from 0% to 0.8% over the past 5 years.
Debt Coverage: 506076's debt is well covered by operating cash flow (1695.2%).
Interest Coverage: 506076 earns more interest than it pays, so coverage of interest payments is not a concern.