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
We Think Ginni Filaments (NSE:GINNIFILA) Can Stay On Top Of Its Debt
May 23
Does Ginni Filaments (NSE:GINNIFILA) Have A Healthy Balance Sheet?
Aug 17Does Ginni Filaments (NSE:GINNIFILA) Have A Healthy Balance Sheet?
Mar 28Ginni Filaments (NSE:GINNIFILA) Has A Somewhat Strained Balance Sheet
Aug 31These 4 Measures Indicate That Ginni Filaments (NSE:GINNIFILA) Is Using Debt Extensively
May 10Is Ginni Filaments (NSE:GINNIFILA) A Risky Investment?
Dec 08Recent updates
Ginni Filaments Limited's (NSE:GINNIFILA) Business Is Trailing The Industry But Its Shares Aren't
Oct 26More Unpleasant Surprises Could Be In Store For Ginni Filaments Limited's (NSE:GINNIFILA) Shares After Tumbling 30%
Jun 06We Think Ginni Filaments (NSE:GINNIFILA) Can Stay On Top Of Its Debt
May 23Benign Growth For Ginni Filaments Limited (NSE:GINNIFILA) Underpins Stock's 27% Plummet
Mar 21Ginni Filaments Limited (NSE:GINNIFILA) Held Back By Insufficient Growth Even After Shares Climb 46%
Feb 02Ginni Filaments Limited's (NSE:GINNIFILA) 25% Price Boost Is Out Of Tune With Revenues
Dec 19Does Ginni Filaments (NSE:GINNIFILA) Have A Healthy Balance Sheet?
Aug 17Does Ginni Filaments (NSE:GINNIFILA) Have A Healthy Balance Sheet?
Mar 28Ginni Filaments (NSE:GINNIFILA) Has A Somewhat Strained Balance Sheet
Aug 31A Look Into Ginni Filaments' (NSE:GINNIFILA) Impressive Returns On Capital
Jun 17These 4 Measures Indicate That Ginni Filaments (NSE:GINNIFILA) Is Using Debt Extensively
May 10Calculating The Fair Value Of Ginni Filaments Limited (NSE:GINNIFILA)
Apr 06Returns On Capital Are A Standout For Ginni Filaments (NSE:GINNIFILA)
Feb 09Here's Why We Think Ginni Filaments (NSE:GINNIFILA) Is Well Worth Watching
Jan 17Is Ginni Filaments (NSE:GINNIFILA) A Risky Investment?
Dec 08Ginni Filaments (NSE:GINNIFILA) Is Achieving High Returns On Its Capital
Nov 04Is Now The Time To Put Ginni Filaments (NSE:GINNIFILA) On Your Watchlist?
Aug 10We Think Ginni Filaments (NSE:GINNIFILA) Might Have The DNA Of A Multi-Bagger
Jun 28Here's Why Ginni Filaments (NSE:GINNIFILA) Can Manage Its Debt Responsibly
Jun 02These Trends Paint A Bright Future For Ginni Filaments (NSE:GINNIFILA)
Feb 14Ginni Filaments (NSE:GINNIFILA) Seems To Use Debt Quite Sensibly
Jan 10
What We Learned About Ginni Filaments' (NSE:GINNIFILA) CEO Compensation
Dec 14Should You Use Ginni Filaments's (NSE:GINNIFILA) Statutory Earnings To Analyse It?
Nov 18Can Ginni Filaments (NSE:GINNIFILA) Turn Things Around?
Sep 30These 4 Measures Indicate That Ginni Filaments (NSE:GINNIFILA) Is Using Debt Extensively
Aug 08Ginni Filaments (NSE:GINNIFILA) Has A Somewhat Strained Balance Sheet
Aug 08Financial Position Analysis
Short Term Liabilities: GINNIFILA's short term assets (₹1.7B) exceed its short term liabilities (₹1.0B).
Long Term Liabilities: GINNIFILA's short term assets (₹1.7B) exceed its long term liabilities (₹418.6M).
Debt to Equity History and Analysis
Debt Level: GINNIFILA's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: GINNIFILA's debt to equity ratio has reduced from 163.4% to 38.8% over the past 5 years.
Debt Coverage: GINNIFILA's debt is well covered by operating cash flow (42.9%).
Interest Coverage: GINNIFILA's interest payments on its debt are not well covered by EBIT (0.5x coverage).