Grindwell Norton Balance Sheet Health
Financial Health criteria checks 5/6
Grindwell Norton has a total shareholder equity of ₹18.6B and total debt of ₹646.9M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are ₹25.4B and ₹6.8B respectively. Grindwell Norton's EBIT is ₹4.7B making its interest coverage ratio -57.8. It has cash and short-term investments of ₹6.3B.
Key information
3.5%
Debt to equity ratio
₹646.90m
Debt
Interest coverage ratio | -57.8x |
Cash | ₹6.26b |
Equity | ₹18.56b |
Total liabilities | ₹6.85b |
Total assets | ₹25.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506076's short term assets (₹14.9B) exceed its short term liabilities (₹5.9B).
Long Term Liabilities: 506076's short term assets (₹14.9B) exceed its long term liabilities (₹967.5M).
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 3.5% over the past 5 years.
Debt Coverage: 506076's debt is well covered by operating cash flow (680.1%).
Interest Coverage: 506076 earns more interest than it pays, so coverage of interest payments is not a concern.