GTN Textiles Balance Sheet Health
Financial Health criteria checks 1/6
GTN Textiles has a total shareholder equity of ₹-2.6M and total debt of ₹358.9M, which brings its debt-to-equity ratio to -13803.8%. Its total assets and total liabilities are ₹973.3M and ₹975.9M respectively. GTN Textiles's EBIT is ₹131.0K making its interest coverage ratio -0.4. It has cash and short-term investments of ₹15.4M.
Key information
-13,803.8%
Debt to equity ratio
₹358.90m
Debt
| Interest coverage ratio | -0.4x |
| Cash | ₹15.40m |
| Equity | -₹2.60m |
| Total liabilities | ₹975.90m |
| Total assets | ₹973.30m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532744 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 532744 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: 532744 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 532744's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 532744's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 532744 earns more interest than it pays, so coverage of interest payments is not a concern.