Gujarat Lease Financing Balance Sheet Health
Financial Health criteria checks 1/6
Gujarat Lease Financing has a total shareholder equity of ₹-43.1M and total debt of ₹100.0M, which brings its debt-to-equity ratio to -231.9%. Its total assets and total liabilities are ₹61.0M and ₹104.1M respectively. Gujarat Lease Financing's EBIT is ₹3.0M making its interest coverage ratio -216.1. It has cash and short-term investments of ₹55.0M.
Key information
-231.9%
Debt to equity ratio
₹100.00m
Debt
| Interest coverage ratio | -216.1x |
| Cash | ₹54.97m |
| Equity | -₹43.12m |
| Total liabilities | ₹104.10m |
| Total assets | ₹60.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLFL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GLFL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLFL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GLFL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GLFL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GLFL earns more interest than it pays, so coverage of interest payments is not a concern.