Gagan Gases Balance Sheet Health
Financial Health criteria checks 4/6
Gagan Gases has a total shareholder equity of ₹29.9M and total debt of ₹4.0M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are ₹41.2M and ₹11.4M respectively. Gagan Gases's EBIT is ₹515.0K making its interest coverage ratio -2.7. It has cash and short-term investments of ₹2.0M.
Key information
13.5%
Debt to equity ratio
₹4.04m
Debt
Interest coverage ratio | -2.7x |
Cash | ₹2.01m |
Equity | ₹29.85m |
Total liabilities | ₹11.38m |
Total assets | ₹41.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 524624's short term assets (₹34.2M) exceed its short term liabilities (₹6.0M).
Long Term Liabilities: 524624's short term assets (₹34.2M) exceed its long term liabilities (₹5.3M).
Debt to Equity History and Analysis
Debt Level: 524624's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: 524624's debt to equity ratio has increased from 1.7% to 13.5% 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.