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 ₹1.4B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹16.7B and ₹5.5B respectively. Garware Technical Fibres's EBIT is ₹2.7B making its interest coverage ratio 23.7. It has cash and short-term investments of ₹1.6B.
Key information
12.6%
Debt to equity ratio
₹1.42b
Debt
| Interest coverage ratio | 23.7x |
| Cash | ₹1.62b |
| Equity | ₹11.23b |
| Total liabilities | ₹5.48b |
| Total assets | ₹16.72b |
Recent financial health updates
Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
Aug 28
Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
May 29We Think Garware Technical Fibres (NSE:GARFIBRES) Can Manage Its Debt With Ease
Aug 06Garware 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 Limited Just Missed Earnings - But Analysts Have Updated Their Models
Nov 17Risks To Shareholder Returns Are Elevated At These Prices For Garware Technical Fibres Limited (NSE:GARFIBRES)
Oct 27Garware Technical Fibres (NSE:GARFIBRES) Might Become A Compounding Machine
Oct 09Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
Aug 28Garware Technical Fibres Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 11Subdued Growth No Barrier To Garware Technical Fibres Limited (NSE:GARFIBRES) With Shares Advancing 28%
Jun 19Return Trends At Garware Technical Fibres (NSE:GARFIBRES) Aren't Appealing
Jun 13Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt
May 29Garware 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 02Financial Position Analysis
Short Term Liabilities: GARFIBRES's short term assets (₹8.5B) exceed its short term liabilities (₹4.9B).
Long Term Liabilities: GARFIBRES's short term assets (₹8.5B) exceed its long term liabilities (₹575.6M).
Debt to Equity History and Analysis
Debt Level: GARFIBRES has more cash than its total debt.
Reducing Debt: GARFIBRES's debt to equity ratio has reduced from 21.1% to 12.6% over the past 5 years.
Debt Coverage: GARFIBRES's debt is well covered by operating cash flow (137.1%).
Interest Coverage: GARFIBRES's interest payments on its debt are well covered by EBIT (23.7x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 17:37 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Garware Technical Fibres Limited is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nitin Bhasin | Ambit Capital |
| Karan Khanna | Ambit Capital |
| Amarjeet Maurya | Angel Broking Private Limited |