Garnet International Balance Sheet Health
Financial Health criteria checks 5/6
Garnet International has a total shareholder equity of ₹287.2M and total debt of ₹42.2M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are ₹345.9M and ₹58.7M respectively. Garnet International's EBIT is ₹20.7M making its interest coverage ratio -1.3. It has cash and short-term investments of ₹975.0K.
Key information
14.7%
Debt to equity ratio
₹42.23m
Debt
| Interest coverage ratio | -1.3x |
| Cash | ₹975.00k |
| Equity | ₹287.20m |
| Total liabilities | ₹58.72m |
| Total assets | ₹345.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512493's short term assets (₹102.5M) exceed its short term liabilities (₹10.2M).
Long Term Liabilities: 512493's short term assets (₹102.5M) exceed its long term liabilities (₹48.6M).
Debt to Equity History and Analysis
Debt Level: 512493's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 512493's debt to equity ratio has increased from 5.8% to 14.7% 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: Whilst unprofitable 512493 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 512493 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1.1% per year.