Goldkart Jewels Balance Sheet Health
Financial Health criteria checks 4/6
Goldkart Jewels has a total shareholder equity of ₹263.2M and total debt of ₹147.2M, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are ₹416.0M and ₹152.8M respectively. Goldkart Jewels's EBIT is ₹37.8M making its interest coverage ratio 2. It has cash and short-term investments of ₹6.0M.
Key information
55.9%
Debt to equity ratio
₹147.18m
Debt
Interest coverage ratio | 2x |
Cash | ₹6.04m |
Equity | ₹263.17m |
Total liabilities | ₹152.83m |
Total assets | ₹416.00m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GOLDKART's short term assets (₹369.3M) exceed its short term liabilities (₹130.1M).
Long Term Liabilities: GOLDKART's short term assets (₹369.3M) exceed its long term liabilities (₹22.7M).
Debt to Equity History and Analysis
Debt Level: GOLDKART's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: GOLDKART's debt to equity ratio has reduced from 130.5% to 55.9% over the past 5 years.
Debt Coverage: GOLDKART's debt is well covered by operating cash flow (60.5%).
Interest Coverage: GOLDKART's interest payments on its debt are not well covered by EBIT (2x coverage).