Golkunda Diamonds & Jewellery Balance Sheet Health
Financial Health criteria checks 4/6
Golkunda Diamonds & Jewellery has a total shareholder equity of ₹576.0M and total debt of ₹363.2M, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are ₹1.2B and ₹577.3M respectively. Golkunda Diamonds & Jewellery's EBIT is ₹189.2M making its interest coverage ratio 9.6. It has cash and short-term investments of ₹108.6M.
Key information
63.0%
Debt to equity ratio
₹363.16m
Debt
| Interest coverage ratio | 9.6x |
| Cash | ₹108.63m |
| Equity | ₹576.01m |
| Total liabilities | ₹577.27m |
| Total assets | ₹1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523676's short term assets (₹1.1B) exceed its short term liabilities (₹565.4M).
Long Term Liabilities: 523676's short term assets (₹1.1B) exceed its long term liabilities (₹11.9M).
Debt to Equity History and Analysis
Debt Level: 523676's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 523676's debt to equity ratio has reduced from 93.6% to 63% over the past 5 years.
Debt Coverage: 523676's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 523676's interest payments on its debt are well covered by EBIT (9.6x coverage).