Garware Synthetics Balance Sheet Health
Financial Health criteria checks 0/6
Garware Synthetics has a total shareholder equity of ₹-21.9M and total debt of ₹128.9M, which brings its debt-to-equity ratio to -588%. Its total assets and total liabilities are ₹153.1M and ₹175.0M respectively. Garware Synthetics's EBIT is ₹1.2M making its interest coverage ratio 0.4. It has cash and short-term investments of ₹1.5M.
Key information
-588.0%
Debt to equity ratio
₹128.92m
Debt
Interest coverage ratio | 0.4x |
Cash | ₹1.50m |
Equity | -₹21.93m |
Total liabilities | ₹175.04m |
Total assets | ₹153.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 514400 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 514400 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 514400 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 514400's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 514400's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: 514400's interest payments on its debt are not well covered by EBIT (0.4x coverage).