Garment Mantra Lifestyle Balance Sheet Health
Financial Health criteria checks 3/6
Garment Mantra Lifestyle has a total shareholder equity of ₹385.6M and total debt of ₹418.3M, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are ₹1.0B and ₹643.6M respectively. Garment Mantra Lifestyle's EBIT is ₹86.8M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹2.6M.
Key information
108.5%
Debt to equity ratio
₹418.29m
Debt
Interest coverage ratio | 2.3x |
Cash | ₹2.61m |
Equity | ₹385.65m |
Total liabilities | ₹643.63m |
Total assets | ₹1.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539216's short term assets (₹953.5M) exceed its short term liabilities (₹569.7M).
Long Term Liabilities: 539216's short term assets (₹953.5M) exceed its long term liabilities (₹73.9M).
Debt to Equity History and Analysis
Debt Level: 539216's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: 539216's debt to equity ratio has reduced from 198% to 108.5% over the past 5 years.
Debt Coverage: 539216's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 539216's interest payments on its debt are not well covered by EBIT (2.3x coverage).