Goyal Aluminiums Balance Sheet Health
Financial Health criteria checks 4/6
Goyal Aluminiums has a total shareholder equity of ₹212.2M and total debt of ₹15.1M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are ₹274.8M and ₹62.6M respectively. Goyal Aluminiums's EBIT is ₹27.1M making its interest coverage ratio -23.5. It has cash and short-term investments of ₹407.0K.
Key information
7.1%
Debt to equity ratio
₹15.13m
Debt
| Interest coverage ratio | -23.5x |
| Cash | ₹407.00k |
| Equity | ₹212.22m |
| Total liabilities | ₹62.56m |
| Total assets | ₹274.77m |
Recent financial health updates
No updates
Recent updates
Goyal Aluminiums (NSE:GOYALALUM) Ticks All The Boxes When It Comes To Earnings Growth
Oct 01
Market Participants Recognise Goyal Aluminiums Limited's (NSE:GOYALALUM) Earnings Pushing Shares 26% Higher
Jan 09Why Investors Shouldn't Be Surprised By Goyal Aluminiums Limited's (NSE:GOYALALUM) 26% Share Price Surge
Jan 09Goyal Aluminiums Limited (NSE:GOYALALUM) Stocks Pounded By 65% But Not Lagging Market On Growth Or Pricing
Jun 06Financial Position Analysis
Short Term Liabilities: GOYALALUM's short term assets (₹209.5M) exceed its short term liabilities (₹61.2M).
Long Term Liabilities: GOYALALUM's short term assets (₹209.5M) exceed its long term liabilities (₹1.3M).
Debt to Equity History and Analysis
Debt Level: GOYALALUM's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: GOYALALUM's debt to equity ratio has increased from 6.4% to 7.1% over the past 5 years.
Debt Coverage: GOYALALUM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GOYALALUM earns more interest than it pays, so coverage of interest payments is not a concern.