Garment Mantra Lifestyle Balance Sheet Health
Financial Health criteria checks 3/6
Garment Mantra Lifestyle has a total shareholder equity of ₹350.3M and total debt of ₹409.3M, which brings its debt-to-equity ratio to 116.8%. Its total assets and total liabilities are ₹997.0M and ₹646.7M respectively. Garment Mantra Lifestyle's EBIT is ₹66.2M making its interest coverage ratio 1.9. It has cash and short-term investments of ₹3.3M.
Key information
116.8%
Debt to equity ratio
₹409.35m
Debt
Interest coverage ratio | 1.9x |
Cash | ₹3.31m |
Equity | ₹350.34m |
Total liabilities | ₹646.66m |
Total assets | ₹996.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539216's short term assets (₹910.6M) exceed its short term liabilities (₹595.3M).
Long Term Liabilities: 539216's short term assets (₹910.6M) exceed its long term liabilities (₹51.4M).
Debt to Equity History and Analysis
Debt Level: 539216's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: 539216's debt to equity ratio has reduced from 175.2% to 116.8% over the past 5 years.
Debt Coverage: 539216's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: 539216's interest payments on its debt are not well covered by EBIT (1.9x coverage).