Goyal Associates Balance Sheet Health
Financial Health criteria checks 4/6
Goyal Associates has a total shareholder equity of ₹30.0M and total debt of ₹12.3M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are ₹54.8M and ₹24.7M respectively. Goyal Associates's EBIT is ₹8.1M making its interest coverage ratio 7.8. It has cash and short-term investments of ₹502.0K.
Key information
41.0%
Debt to equity ratio
₹12.32m
Debt
Interest coverage ratio | 7.8x |
Cash | ₹502.00k |
Equity | ₹30.04m |
Total liabilities | ₹24.73m |
Total assets | ₹54.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530663's short term assets (₹50.0M) exceed its short term liabilities (₹3.5M).
Long Term Liabilities: 530663's short term assets (₹50.0M) exceed its long term liabilities (₹21.3M).
Debt to Equity History and Analysis
Debt Level: 530663's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 530663's debt to equity ratio has increased from 0% to 41% over the past 5 years.
Debt Coverage: 530663's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530663's interest payments on its debt are well covered by EBIT (7.8x coverage).