Aro Granite Industries Balance Sheet Health
Financial Health criteria checks 2/6
Aro Granite Industries has a total shareholder equity of ₹1.9B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 98.3%. Its total assets and total liabilities are ₹4.4B and ₹2.5B respectively. Aro Granite Industries's EBIT is ₹191.3M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹63.2M.
Key information
98.3%
Debt to equity ratio
₹1.89b
Debt
Interest coverage ratio | 1.2x |
Cash | ₹63.18m |
Equity | ₹1.92b |
Total liabilities | ₹2.53b |
Total assets | ₹4.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513729's short term assets (₹2.9B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: 513729's short term assets (₹2.9B) exceed its long term liabilities (₹620.8M).
Debt to Equity History and Analysis
Debt Level: 513729's net debt to equity ratio (95%) is considered high.
Reducing Debt: 513729's debt to equity ratio has increased from 71.5% to 98.3% over the past 5 years.
Debt Coverage: 513729's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 513729's interest payments on its debt are not well covered by EBIT (1.2x coverage).