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 ₹1.4B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹16.7B and ₹5.5B respectively. Garware Technical Fibres's EBIT is ₹2.7B making its interest coverage ratio 23.8. It has cash and short-term investments of ₹1.6B.
Key information
12.6%
Debt to equity ratio
₹1.42b
Debt
| Interest coverage ratio | 23.8x |
| Cash | ₹1.62b |
| Equity | ₹11.23b |
| Total liabilities | ₹5.48b |
| Total assets | ₹16.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 509557's short term assets (₹8.5B) exceed its short term liabilities (₹4.9B).
Long Term Liabilities: 509557's short term assets (₹8.5B) exceed its long term liabilities (₹575.6M).
Debt to Equity History and Analysis
Debt Level: 509557 has more cash than its total debt.
Reducing Debt: 509557's debt to equity ratio has reduced from 21.1% to 12.6% over the past 5 years.
Debt Coverage: 509557's debt is well covered by operating cash flow (137.1%).
Interest Coverage: 509557's interest payments on its debt are well covered by EBIT (23.8x coverage).