Ginni Filaments Balance Sheet Health
Financial Health criteria checks 3/6
Ginni Filaments has a total shareholder equity of ₹2.6B and total debt of ₹2.8B, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are ₹6.3B and ₹3.7B respectively.
Key information
109.8%
Debt to equity ratio
₹2.84b
Debt
Interest coverage ratio | n/a |
Cash | ₹48.93m |
Equity | ₹2.59b |
Total liabilities | ₹3.75b |
Total assets | ₹6.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 590025's short term assets (₹3.1B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: 590025's short term assets (₹3.1B) exceed its long term liabilities (₹941.0M).
Debt to Equity History and Analysis
Debt Level: 590025's net debt to equity ratio (107.9%) is considered high.
Reducing Debt: 590025's debt to equity ratio has reduced from 142.9% to 109.8% over the past 5 years.
Debt Coverage: 590025's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 590025's interest payments on its debt are well covered by EBIT.