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 ₹826.0M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ₹27.7B and ₹7.0B respectively. Grindwell Norton's EBIT is ₹4.4B making its interest coverage ratio -25. It has cash and short-term investments of ₹6.6B.
Key information
4.0%
Debt to equity ratio
₹825.96m
Debt
Interest coverage ratio | -25x |
Cash | ₹6.58b |
Equity | ₹20.67b |
Total liabilities | ₹7.03b |
Total assets | ₹27.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506076's short term assets (₹15.7B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: 506076's short term assets (₹15.7B) 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 4% over the past 5 years.
Debt Coverage: 506076's debt is well covered by operating cash flow (445.5%).
Interest Coverage: 506076 earns more interest than it pays, so coverage of interest payments is not a concern.