Glance Finance Balance Sheet Health
Financial Health criteria checks 3/6
Glance Finance has a total shareholder equity of ₹299.6M and total debt of ₹110.9M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are ₹436.6M and ₹137.0M respectively.
Key information
37.0%
Debt to equity ratio
₹110.86m
Debt
Interest coverage ratio | n/a |
Cash | ₹2.40m |
Equity | ₹299.61m |
Total liabilities | ₹136.97m |
Total assets | ₹436.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531199's short term assets (₹36.4M) exceed its short term liabilities (₹7.9M).
Long Term Liabilities: 531199's short term assets (₹36.4M) do not cover its long term liabilities (₹129.1M).
Debt to Equity History and Analysis
Debt Level: 531199's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: 531199's debt to equity ratio has increased from 0% to 37% over the past 5 years.
Debt Coverage: 531199's debt is well covered by operating cash flow (78.9%).
Interest Coverage: Insufficient data to determine if 531199's interest payments on its debt are well covered by EBIT.