Gorani Industries Balance Sheet Health
Financial Health criteria checks 3/6
Gorani Industries has a total shareholder equity of ₹125.1M and total debt of ₹102.0M, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are ₹280.2M and ₹155.1M respectively. Gorani Industries's EBIT is ₹24.4M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹386.0K.
Key information
81.6%
Debt to equity ratio
₹102.02m
Debt
Interest coverage ratio | 2.4x |
Cash | ₹386.00k |
Equity | ₹125.07m |
Total liabilities | ₹155.15m |
Total assets | ₹280.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531608's short term assets (₹245.8M) exceed its short term liabilities (₹148.6M).
Long Term Liabilities: 531608's short term assets (₹245.8M) exceed its long term liabilities (₹6.5M).
Debt to Equity History and Analysis
Debt Level: 531608's net debt to equity ratio (81.3%) is considered high.
Reducing Debt: 531608's debt to equity ratio has reduced from 110.5% to 81.6% over the past 5 years.
Debt Coverage: 531608's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531608's interest payments on its debt are not well covered by EBIT (2.4x coverage).