Goyal Associates Balance Sheet Health
Financial Health criteria checks 4/6
Goyal Associates has a total shareholder equity of ₹35.5M and total debt of ₹11.1M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are ₹63.0M and ₹27.5M respectively. Goyal Associates's EBIT is ₹11.0M making its interest coverage ratio 13.4. It has cash and short-term investments of ₹418.0K.
Key information
31.3%
Debt to equity ratio
₹11.12m
Debt
| Interest coverage ratio | 13.4x |
| Cash | ₹418.00k |
| Equity | ₹35.48m |
| Total liabilities | ₹27.51m |
| Total assets | ₹62.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530663's short term assets (₹59.7M) exceed its short term liabilities (₹4.8M).
Long Term Liabilities: 530663's short term assets (₹59.7M) exceed its long term liabilities (₹22.7M).
Debt to Equity History and Analysis
Debt Level: 530663's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: 530663's debt to equity ratio has increased from 0% to 31.3% over the past 5 years.
Debt Coverage: 530663's debt is not well covered by operating cash flow (1%).
Interest Coverage: 530663's interest payments on its debt are well covered by EBIT (13.4x coverage).