Galaxy Bearings Balance Sheet Health
Financial Health criteria checks 6/6
Galaxy Bearings has a total shareholder equity of ₹932.3M and total debt of ₹154.6M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are ₹1.3B and ₹330.4M respectively. Galaxy Bearings's EBIT is ₹191.0M making its interest coverage ratio 38. It has cash and short-term investments of ₹262.4M.
Key information
16.6%
Debt to equity ratio
₹154.59m
Debt
Interest coverage ratio | 38x |
Cash | ₹262.35m |
Equity | ₹932.27m |
Total liabilities | ₹330.42m |
Total assets | ₹1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526073's short term assets (₹862.5M) exceed its short term liabilities (₹309.0M).
Long Term Liabilities: 526073's short term assets (₹862.5M) exceed its long term liabilities (₹21.5M).
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 29.5% to 16.6% over the past 5 years.
Debt Coverage: 526073's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 526073's interest payments on its debt are well covered by EBIT (38x coverage).