Garware Technical Fibres Balance Sheet Health
Financial Health criteria checks 6/6
Garware Technical Fibres has a total shareholder equity of ₹11.2B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ₹15.7B and ₹4.5B respectively. Garware Technical Fibres's EBIT is ₹2.2B making its interest coverage ratio 29.4. It has cash and short-term investments of ₹865.7M.
Key information
10.4%
Debt to equity ratio
₹1.16b
Debt
Interest coverage ratio | 29.4x |
Cash | ₹865.72m |
Equity | ₹11.19b |
Total liabilities | ₹4.55b |
Total assets | ₹15.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509557's short term assets (₹6.8B) exceed its short term liabilities (₹4.0B).
Long Term Liabilities: 509557's short term assets (₹6.8B) exceed its long term liabilities (₹506.3M).
Debt to Equity History and Analysis
Debt Level: 509557's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: 509557's debt to equity ratio has reduced from 18.6% to 10.4% over the past 5 years.
Debt Coverage: 509557's debt is well covered by operating cash flow (222.3%).
Interest Coverage: 509557's interest payments on its debt are well covered by EBIT (29.4x coverage).