Gala Precision Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Gala Precision Engineering has a total shareholder equity of ₹2.4B and total debt of ₹117.9M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ₹2.9B and ₹509.6M respectively. Gala Precision Engineering's EBIT is ₹356.2M making its interest coverage ratio 7.8. It has cash and short-term investments of ₹780.1M.
Key information
4.8%
Debt to equity ratio
₹117.87m
Debt
| Interest coverage ratio | 7.8x |
| Cash | ₹780.05m |
| Equity | ₹2.44b |
| Total liabilities | ₹509.63m |
| Total assets | ₹2.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544244's short term assets (₹2.0B) exceed its short term liabilities (₹360.3M).
Long Term Liabilities: 544244's short term assets (₹2.0B) exceed its long term liabilities (₹149.3M).
Debt to Equity History and Analysis
Debt Level: 544244 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 544244's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544244's debt is well covered by operating cash flow (137.2%).
Interest Coverage: 544244's interest payments on its debt are well covered by EBIT (7.8x coverage).