Gujarat Hy-Spin Balance Sheet Health
Financial Health criteria checks 4/6
Gujarat Hy-Spin has a total shareholder equity of ₹187.2M and total debt of ₹93.5M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are ₹341.9M and ₹154.7M respectively. Gujarat Hy-Spin's EBIT is ₹17.9M making its interest coverage ratio 2.5. It has cash and short-term investments of ₹5.4M.
Key information
50.0%
Debt to equity ratio
₹93.54m
Debt
| Interest coverage ratio | 2.5x |
| Cash | ₹5.41m |
| Equity | ₹187.19m |
| Total liabilities | ₹154.71m |
| Total assets | ₹341.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540938's short term assets (₹219.6M) exceed its short term liabilities (₹153.6M).
Long Term Liabilities: 540938's short term assets (₹219.6M) exceed its long term liabilities (₹1.2M).
Debt to Equity History and Analysis
Debt Level: 540938's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: 540938's debt to equity ratio has reduced from 155.7% to 50% over the past 5 years.
Debt Coverage: 540938's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 540938's interest payments on its debt are not well covered by EBIT (2.5x coverage).