Garware Technical Fibres Balance Sheet Health
Financial Health criteria checks 6/6
Garware Technical Fibres has a total shareholder equity of ₹11.2B and total debt of ₹1.2B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ₹15.7B and ₹4.5B respectively. Garware Technical Fibres's EBIT is ₹2.2B making its interest coverage ratio 29.4. It has cash and short-term investments of ₹865.7M.
Key information
10.4%
Debt to equity ratio
₹1.16b
Debt
| Interest coverage ratio | 29.4x |
| Cash | ₹865.72m |
| Equity | ₹11.19b |
| Total liabilities | ₹4.55b |
| Total assets | ₹15.73b |
Recent financial health updates
We Think Garware Technical Fibres (NSE:GARFIBRES) Can Manage Its Debt With Ease
Aug 06
Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
Aug 11Is Garware Technical Fibres (NSE:GARFIBRES) A Risky Investment?
Feb 18We Think Garware Technical Fibres (NSE:GARFIBRES) Can Stay On Top Of Its Debt
Nov 09
Recent updates
Garware Technical Fibres' (NSE:GARFIBRES) Returns Have Hit A Wall
Jan 09Capital Allocation Trends At Garware Technical Fibres (NSE:GARFIBRES) Aren't Ideal
Feb 09Garware Technical Fibres (NSE:GARFIBRES) Is Paying Out A Larger Dividend Than Last Year
Aug 23We Think Garware Technical Fibres (NSE:GARFIBRES) Can Manage Its Debt With Ease
Aug 06Be Wary Of Garware Technical Fibres (NSE:GARFIBRES) And Its Returns On Capital
Jul 22If You Like EPS Growth Then Check Out Garware Technical Fibres (NSE:GARFIBRES) Before It's Too Late
Jun 02Garware Technical Fibres Limited Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next
Feb 15Does Garware Technical Fibres (NSE:GARFIBRES) Deserve A Spot On Your Watchlist?
Jan 24Garware Technical Fibres (NSE:GARFIBRES) Is Aiming To Keep Up Its Impressive Returns
Oct 13Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
Aug 11Is Now The Time To Put Garware Technical Fibres (NSE:GARFIBRES) On Your Watchlist?
Jun 01Garware Technical Fibres (NSE:GARFIBRES) May Have Issues Allocating Its Capital
May 01Have Insiders Been Selling Garware Technical Fibres Limited (NSE:GARFIBRES) Shares?
Mar 20Are Robust Financials Driving The Recent Rally In Garware Technical Fibres Limited's (NSE:GARFIBRES) Stock?
Mar 05Is Garware Technical Fibres (NSE:GARFIBRES) A Risky Investment?
Feb 18Did You Participate In Any Of Garware Technical Fibres' (NSE:GARFIBRES) Incredible 614% Return?
Feb 03Returns On Capital At Garware Technical Fibres (NSE:GARFIBRES) Paint An Interesting Picture
Jan 16What Is The Ownership Structure Like For Garware Technical Fibres Limited (NSE:GARFIBRES)?
Dec 29This Insider Has Just Sold Shares In Garware Technical Fibres Limited (NSE:GARFIBRES)
Dec 11Garware Technical Fibres Limited's (NSE:GARFIBRES) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Nov 30We Think Garware Technical Fibres (NSE:GARFIBRES) Can Stay On Top Of Its Debt
Nov 09Did You Participate In Any Of Garware Technical Fibres' (NSE:GARFIBRES) Incredible 504% Return?
Oct 19The Returns At Garware Technical Fibres (NSE:GARFIBRES) Provide Us With Signs Of What's To Come
Sep 23Garware Technical Fibres Limited (NSE:GARFIBRES) Not Lagging Market On Growth Or Pricing
Sep 02Is Garware Technical Fibres Limited's (NSE:GARFIBRES) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Aug 18Financial Position Analysis
Short Term Liabilities: GARFIBRES's short term assets (₹6.8B) exceed its short term liabilities (₹4.0B).
Long Term Liabilities: GARFIBRES's short term assets (₹6.8B) exceed its long term liabilities (₹506.3M).
Debt to Equity History and Analysis
Debt Level: GARFIBRES's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: GARFIBRES's debt to equity ratio has reduced from 18.6% to 10.4% over the past 5 years.
Debt Coverage: GARFIBRES's debt is well covered by operating cash flow (222.3%).
Interest Coverage: GARFIBRES's interest payments on its debt are well covered by EBIT (29.4x coverage).