Goenka Business & Finance Balance Sheet Health
Financial Health criteria checks 6/6
Goenka Business & Finance has a total shareholder equity of ₹317.2M and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹2.1B and ₹1.8B respectively. Goenka Business & Finance's EBIT is ₹171.2M making its interest coverage ratio 1.2. It has cash and short-term investments of ₹525.0K.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 1.2x |
| Cash | ₹525.00k |
| Equity | ₹317.22m |
| Total liabilities | ₹1.76b |
| Total assets | ₹2.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 538787's short term assets (₹2.0B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: 538787's short term assets (₹2.0B) exceed its long term liabilities (₹39.2M).
Debt to Equity History and Analysis
Debt Level: 538787 is debt free.
Reducing Debt: 538787 has no debt compared to 5 years ago when its debt to equity ratio was 358.9%.
Debt Coverage: 538787 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 538787 has no debt, therefore coverage of interest payments is not a concern.