Garware Marine Industries Balance Sheet Health
Financial Health criteria checks 6/6
Garware Marine Industries has a total shareholder equity of ₹167.0M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹178.9M and ₹12.0M respectively. Garware Marine Industries's EBIT is ₹2.7M making its interest coverage ratio 61.8. It has cash and short-term investments of ₹210.0K.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 61.8x |
| Cash | ₹210.00k |
| Equity | ₹166.96m |
| Total liabilities | ₹11.98m |
| Total assets | ₹178.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509563's short term assets (₹53.9M) exceed its short term liabilities (₹4.6M).
Long Term Liabilities: 509563's short term assets (₹53.9M) exceed its long term liabilities (₹7.4M).
Debt to Equity History and Analysis
Debt Level: 509563 is debt free.
Reducing Debt: 509563 has no debt compared to 5 years ago when its debt to equity ratio was 6.2%.
Debt Coverage: 509563 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 509563 has no debt, therefore coverage of interest payments is not a concern.