Ginni Filaments Balance Sheet Health
Financial Health criteria checks 5/6
Ginni Filaments has a total shareholder equity of ₹1.9B and total debt of ₹756.1M, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are ₹3.4B and ₹1.5B respectively. Ginni Filaments's EBIT is ₹39.8M making its interest coverage ratio 0.5. It has cash and short-term investments of ₹133.5M.
Key information
38.8%
Debt to equity ratio
₹756.10m
Debt
| Interest coverage ratio | 0.5x |
| Cash | ₹133.54m |
| Equity | ₹1.95b |
| Total liabilities | ₹1.45b |
| Total assets | ₹3.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590025's short term assets (₹1.7B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: 590025's short term assets (₹1.7B) exceed its long term liabilities (₹418.6M).
Debt to Equity History and Analysis
Debt Level: 590025's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: 590025's debt to equity ratio has reduced from 163.4% to 38.8% over the past 5 years.
Debt Coverage: 590025's debt is well covered by operating cash flow (42.9%).
Interest Coverage: 590025's interest payments on its debt are not well covered by EBIT (0.5x coverage).