Galaxy Bearings Balance Sheet Health
Financial Health criteria checks 6/6
Galaxy Bearings has a total shareholder equity of ₹1.0B and total debt of ₹149.7M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are ₹1.4B and ₹338.1M respectively. Galaxy Bearings's EBIT is ₹194.9M making its interest coverage ratio 22. It has cash and short-term investments of ₹342.5M.
Key information
14.8%
Debt to equity ratio
₹149.73m
Debt
| Interest coverage ratio | 22x |
| Cash | ₹342.55m |
| Equity | ₹1.01b |
| Total liabilities | ₹338.12m |
| Total assets | ₹1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526073's short term assets (₹926.6M) exceed its short term liabilities (₹306.7M).
Long Term Liabilities: 526073's short term assets (₹926.6M) exceed its long term liabilities (₹31.4M).
Debt to Equity History and Analysis
Debt Level: 526073 has more cash than its total debt.
Reducing Debt: 526073's debt to equity ratio has reduced from 29.9% to 14.8% over the past 5 years.
Debt Coverage: 526073's debt is well covered by operating cash flow (51.6%).
Interest Coverage: 526073's interest payments on its debt are well covered by EBIT (22x coverage).