Gala Global Products Balance Sheet Health
Financial Health criteria checks 3/6
Gala Global Products has a total shareholder equity of ₹427.3M and total debt of ₹232.4M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are ₹962.2M and ₹535.0M respectively. Gala Global Products's EBIT is ₹4.6M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹1.7M.
Key information
54.4%
Debt to equity ratio
₹232.37m
Debt
Interest coverage ratio | 0.5x |
Cash | ₹1.72m |
Equity | ₹427.25m |
Total liabilities | ₹534.98m |
Total assets | ₹962.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539228's short term assets (₹818.5M) exceed its short term liabilities (₹382.7M).
Long Term Liabilities: 539228's short term assets (₹818.5M) exceed its long term liabilities (₹152.3M).
Debt to Equity History and Analysis
Debt Level: 539228's net debt to equity ratio (54%) is considered high.
Reducing Debt: 539228's debt to equity ratio has increased from 14.9% to 54.4% over the past 5 years.
Debt Coverage: 539228's debt is well covered by operating cash flow (62%).
Interest Coverage: 539228's interest payments on its debt are not well covered by EBIT (0.5x coverage).