Gagan Gases Balance Sheet Health
Financial Health criteria checks 4/6
Gagan Gases has a total shareholder equity of ₹31.1M and total debt of ₹3.9M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₹36.6M and ₹5.5M respectively. Gagan Gases's EBIT is ₹1.9M making its interest coverage ratio -473.5. It has cash and short-term investments of ₹3.7M.
Key information
12.6%
Debt to equity ratio
₹3.93m
Debt
| Interest coverage ratio | -473.5x |
| Cash | ₹3.68m |
| Equity | ₹31.09m |
| Total liabilities | ₹5.50m |
| Total assets | ₹36.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524624's short term assets (₹30.3M) exceed its short term liabilities (₹448.0K).
Long Term Liabilities: 524624's short term assets (₹30.3M) exceed its long term liabilities (₹5.1M).
Debt to Equity History and Analysis
Debt Level: 524624's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 524624's debt to equity ratio has increased from 4.4% to 12.6% over the past 5 years.
Debt Coverage: 524624's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 524624 earns more interest than it pays, so coverage of interest payments is not a concern.