G G Engineering Balance Sheet Health
Financial Health criteria checks 5/6
G G Engineering has a total shareholder equity of ₹1.2B and total debt of ₹34.5M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹1.6B and ₹324.3M respectively. G G Engineering's EBIT is ₹67.5M making its interest coverage ratio 97.5. It has cash and short-term investments of ₹3.5M.
Key information
2.8%
Debt to equity ratio
₹34.46m
Debt
Interest coverage ratio | 97.5x |
Cash | ₹3.46m |
Equity | ₹1.23b |
Total liabilities | ₹324.27m |
Total assets | ₹1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540614's short term assets (₹1.5B) exceed its short term liabilities (₹297.5M).
Long Term Liabilities: 540614's short term assets (₹1.5B) exceed its long term liabilities (₹26.8M).
Debt to Equity History and Analysis
Debt Level: 540614's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 540614's debt to equity ratio has reduced from 37.2% to 2.8% over the past 5 years.
Debt Coverage: 540614's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540614's interest payments on its debt are well covered by EBIT (97.5x coverage).