Gini Silk Mills Balance Sheet Health
Financial Health criteria checks 4/6
Gini Silk Mills has a total shareholder equity of ₹476.3M and total debt of ₹87.1M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are ₹644.6M and ₹168.3M respectively. Gini Silk Mills's EBIT is ₹7.6M making its interest coverage ratio 1. It has cash and short-term investments of ₹706.0K.
Key information
18.3%
Debt to equity ratio
₹87.07m
Debt
| Interest coverage ratio | 1x |
| Cash | ₹706.00k |
| Equity | ₹476.33m |
| Total liabilities | ₹168.27m |
| Total assets | ₹644.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531744's short term assets (₹149.4M) exceed its short term liabilities (₹132.0M).
Long Term Liabilities: 531744's short term assets (₹149.4M) exceed its long term liabilities (₹36.3M).
Debt to Equity History and Analysis
Debt Level: 531744's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 531744's debt to equity ratio has increased from 17.8% to 18.3% over the past 5 years.
Debt Coverage: 531744's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 531744's interest payments on its debt are not well covered by EBIT (1x coverage).