Growington Ventures India Balance Sheet Health
Financial Health criteria checks 4/6
Growington Ventures India has a total shareholder equity of ₹194.6M and total debt of ₹64.1M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are ₹354.6M and ₹159.9M respectively. Growington Ventures India's EBIT is ₹20.3M making its interest coverage ratio -6. It has cash and short-term investments of ₹11.5M.
Key information
32.9%
Debt to equity ratio
₹64.06m
Debt
| Interest coverage ratio | -6x |
| Cash | ₹11.46m |
| Equity | ₹194.62m |
| Total liabilities | ₹159.94m |
| Total assets | ₹354.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539222's short term assets (₹347.3M) exceed its short term liabilities (₹159.9M).
Long Term Liabilities: 539222 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 539222's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: 539222's debt to equity ratio has increased from 0% to 32.9% over the past 5 years.
Debt Coverage: 539222's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 539222 earns more interest than it pays, so coverage of interest payments is not a concern.