Greenlam Industries Balance Sheet Health
Financial Health criteria checks 3/6
Greenlam Industries has a total shareholder equity of ₹11.1B and total debt of ₹11.1B, which brings its debt-to-equity ratio to 99.7%. Its total assets and total liabilities are ₹29.7B and ₹18.6B respectively. Greenlam Industries's EBIT is ₹2.0B making its interest coverage ratio 4.2. It has cash and short-term investments of ₹1.3B.
Key information
99.7%
Debt to equity ratio
₹11.09b
Debt
| Interest coverage ratio | 4.2x |
| Cash | ₹1.31b |
| Equity | ₹11.12b |
| Total liabilities | ₹18.59b |
| Total assets | ₹29.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538979's short term assets (₹11.9B) exceed its short term liabilities (₹9.6B).
Long Term Liabilities: 538979's short term assets (₹11.9B) exceed its long term liabilities (₹9.0B).
Debt to Equity History and Analysis
Debt Level: 538979's net debt to equity ratio (87.9%) is considered high.
Reducing Debt: 538979's debt to equity ratio has increased from 57.6% to 99.7% over the past 5 years.
Debt Coverage: 538979's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 538979's interest payments on its debt are well covered by EBIT (4.2x coverage).