Gala Precision Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Gala Precision Engineering has a total shareholder equity of ₹1.0B and total debt of ₹550.3M, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are ₹1.9B and ₹842.4M respectively. Gala Precision Engineering's EBIT is ₹363.6M making its interest coverage ratio 7.3. It has cash and short-term investments of ₹13.8M.
Key information
52.7%
Debt to equity ratio
₹550.28m
Debt
| Interest coverage ratio | 7.3x |
| Cash | ₹13.83m |
| Equity | ₹1.04b |
| Total liabilities | ₹842.37m |
| Total assets | ₹1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GALAPREC's short term assets (₹1.1B) exceed its short term liabilities (₹677.0M).
Long Term Liabilities: GALAPREC's short term assets (₹1.1B) exceed its long term liabilities (₹165.3M).
Debt to Equity History and Analysis
Debt Level: GALAPREC's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: Insufficient data to determine if GALAPREC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GALAPREC's debt is well covered by operating cash flow (28.4%).
Interest Coverage: GALAPREC's interest payments on its debt are well covered by EBIT (7.3x coverage).