Aro Granite Industries Balance Sheet Health
Financial Health criteria checks 2/6
Aro Granite Industries has a total shareholder equity of ₹1.9B and total debt of ₹1.9B, which brings its debt-to-equity ratio to 98.3%. Its total assets and total liabilities are ₹4.4B and ₹2.5B respectively. Aro Granite Industries's EBIT is ₹191.3M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹63.2M.
Key information
98.3%
Debt to equity ratio
₹1.89b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₹63.18m |
| Equity | ₹1.92b |
| Total liabilities | ₹2.53b |
| Total assets | ₹4.45b |
Recent financial health updates
Aro Granite Industries (NSE:AROGRANITE) Use Of Debt Could Be Considered Risky
Sep 06
Does Aro Granite Industries (NSE:AROGRANITE) Have A Healthy Balance Sheet?
May 12Aro Granite Industries (NSE:AROGRANITE) Takes On Some Risk With Its Use Of Debt
Dec 28Here's Why Aro Granite Industries (NSE:AROGRANITE) Is Weighed Down By Its Debt Load
Jul 29We Think Aro Granite Industries (NSE:AROGRANITE) Is Taking Some Risk With Its Debt
Feb 08These 4 Measures Indicate That Aro Granite Industries (NSE:AROGRANITE) Is Using Debt Extensively
Nov 09
Recent updates
Aro Granite Industries Limited's (NSE:AROGRANITE) Shares Bounce 28% But Its Business Still Trails The Industry
Jan 16Some Investors May Be Worried About Aro Granite Industries' (NSE:AROGRANITE) Returns On Capital
Jan 04Calculating The Fair Value Of Aro Granite Industries Limited (NSE:AROGRANITE)
Oct 19Aro Granite Industries (NSE:AROGRANITE) Will Be Hoping To Turn Its Returns On Capital Around
Aug 05Aro Granite Industries (NSE:AROGRANITE) Has Some Way To Go To Become A Multi-Bagger
Mar 31Aro Granite Industries (NSE:AROGRANITE) Use Of Debt Could Be Considered Risky
Sep 06Aro Granite Industries (NSE:AROGRANITE) Will Be Hoping To Turn Its Returns On Capital Around
Jun 18Does Aro Granite Industries (NSE:AROGRANITE) Have A Healthy Balance Sheet?
May 12Here's Why We Think Aro Granite Industries (NSE:AROGRANITE) Is Well Worth Watching
Apr 06Capital Allocation Trends At Aro Granite Industries (NSE:AROGRANITE) Aren't Ideal
Feb 02Aro Granite Industries (NSE:AROGRANITE) Takes On Some Risk With Its Use Of Debt
Dec 28I Ran A Stock Scan For Earnings Growth And Aro Granite Industries (NSE:AROGRANITE) Passed With Ease
Nov 30Returns On Capital At Aro Granite Industries (NSE:AROGRANITE) Have Stalled
Nov 04Here's Why Aro Granite Industries (NSE:AROGRANITE) Is Weighed Down By Its Debt Load
Jul 29Investors Met With Slowing Returns on Capital At Aro Granite Industries (NSE:AROGRANITE)
Jun 12The Trends At Aro Granite Industries (NSE:AROGRANITE) That You Should Know About
Mar 14We Think Aro Granite Industries (NSE:AROGRANITE) Is Taking Some Risk With Its Debt
Feb 08Should You Be Impressed By Aro Granite Industries' (NSE:AROGRANITE) Returns on Capital?
Dec 14These 4 Measures Indicate That Aro Granite Industries (NSE:AROGRANITE) Is Using Debt Extensively
Nov 09What Can We Learn About Aro Granite Industries' (NSE:AROGRANITE) CEO Compensation?
Sep 15Is Aro Granite Industries (NSE:AROGRANITE) A Risky Investment?
Aug 11Our Take On The Returns On Capital At Aro Granite Industries (NSE:AROGRANITE)
Aug 11Getting In Cheap On Aro Granite Industries Limited (NSE:AROGRANITE) Is Unlikely
Jul 07Financial Position Analysis
Short Term Liabilities: AROGRANITE's short term assets (₹2.9B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: AROGRANITE's short term assets (₹2.9B) exceed its long term liabilities (₹620.8M).
Debt to Equity History and Analysis
Debt Level: AROGRANITE's net debt to equity ratio (95%) is considered high.
Reducing Debt: AROGRANITE's debt to equity ratio has increased from 71.5% to 98.3% over the past 5 years.
Debt Coverage: AROGRANITE's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: AROGRANITE's interest payments on its debt are not well covered by EBIT (1.2x coverage).