Garnet International Balance Sheet Health
Financial Health criteria checks 1/6
Garnet International has a total shareholder equity of ₹334.1M and total debt of ₹292.6M, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are ₹695.6M and ₹361.5M respectively. Garnet International's EBIT is ₹35.6M making its interest coverage ratio 1.1. It has cash and short-term investments of ₹8.7M.
Key information
87.6%
Debt to equity ratio
₹292.63m
Debt
Interest coverage ratio | 1.1x |
Cash | ₹8.72m |
Equity | ₹334.09m |
Total liabilities | ₹361.50m |
Total assets | ₹695.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512493's short term assets (₹279.7M) exceed its short term liabilities (₹52.5M).
Long Term Liabilities: 512493's short term assets (₹279.7M) do not cover its long term liabilities (₹309.0M).
Debt to Equity History and Analysis
Debt Level: 512493's net debt to equity ratio (85%) is considered high.
Reducing Debt: 512493's debt to equity ratio has increased from 11.9% to 87.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 512493 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 512493 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.