Golkunda Diamonds & Jewellery Balance Sheet Health
Financial Health criteria checks 5/6
Golkunda Diamonds & Jewellery has a total shareholder equity of ₹464.3M and total debt of ₹379.3M, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are ₹1.1B and ₹609.5M respectively. Golkunda Diamonds & Jewellery's EBIT is ₹123.1M making its interest coverage ratio 6.2. It has cash and short-term investments of ₹102.5M.
Key information
81.7%
Debt to equity ratio
₹379.28m
Debt
Interest coverage ratio | 6.2x |
Cash | ₹102.54m |
Equity | ₹464.26m |
Total liabilities | ₹609.46m |
Total assets | ₹1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523676's short term assets (₹973.2M) exceed its short term liabilities (₹598.7M).
Long Term Liabilities: 523676's short term assets (₹973.2M) exceed its long term liabilities (₹10.8M).
Debt to Equity History and Analysis
Debt Level: 523676's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: 523676's debt to equity ratio has reduced from 117.6% to 81.7% over the past 5 years.
Debt Coverage: 523676's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 523676's interest payments on its debt are well covered by EBIT (6.2x coverage).