Gujarat Mineral Development Balance Sheet Health
Financial Health criteria checks 5/6
Gujarat Mineral Development has a total shareholder equity of ₹58.2B and total debt of ₹5.1M, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are ₹68.6B and ₹10.4B respectively. Gujarat Mineral Development's EBIT is ₹7.5B making its interest coverage ratio -2. It has cash and short-term investments of ₹5.3B.
Key information
0.009%
Debt to equity ratio
₹5.15m
Debt
| Interest coverage ratio | -2x |
| Cash | ₹5.33b |
| Equity | ₹58.19b |
| Total liabilities | ₹10.41b |
| Total assets | ₹68.61b |
Recent financial health updates
No updates
Recent updates
Insufficient Growth At Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD) Hampers Share Price
Apr 11
Gujarat Mineral Development (NSE:GMDCLTD) Is Experiencing Growth In Returns On Capital
Mar 13Does Gujarat Mineral Development (NSE:GMDCLTD) Deserve A Spot On Your Watchlist?
Dec 21We Like These Underlying Return On Capital Trends At Gujarat Mineral Development (NSE:GMDCLTD)
Nov 29Gujarat Mineral Development (NSE:GMDCLTD) Has Announced That It Will Be Increasing Its Dividend To ₹11.45
Sep 12There's Been No Shortage Of Growth Recently For Gujarat Mineral Development's (NSE:GMDCLTD) Returns On Capital
Aug 08Gujarat Mineral Development (NSE:GMDCLTD) Is Doing The Right Things To Multiply Its Share Price
Jan 28Investors Will Want Gujarat Mineral Development's (NSE:GMDCLTD) Growth In ROCE To Persist
Jul 23Gujarat Mineral Development (NSE:GMDCLTD) Will Be Hoping To Turn Its Returns On Capital Around
Apr 01Do Investors Have Good Reason To Be Wary Of Gujarat Mineral Development Corporation Limited's (NSE:GMDCLTD) 3.3% Dividend Yield?
Mar 08How Much Did Gujarat Mineral Development's(NSE:GMDCLTD) Shareholders Earn From Share Price Movements Over The Last Three Years?
Feb 10What Kind Of Shareholders Hold The Majority In Gujarat Mineral Development Corporation Limited's (NSE:GMDCLTD) Shares?
Jan 06Should You Buy Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD) For Its 4.3% Dividend?
Dec 01If You Had Bought Gujarat Mineral Development's (NSE:GMDCLTD) Shares Three Years Ago You Would Be Down 75%
Oct 27What You Need To Know About Gujarat Mineral Development Corporation Limited's (NSE:GMDCLTD) Investor Composition
Sep 22
Should Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD) Be Part Of Your Income Portfolio?
Aug 18Gujarat Mineral Development Corporation Limited's (NSE:GMDCLTD) Sentiment Matching Earnings
Jul 28Would Shareholders Who Purchased Gujarat Mineral Development's(NSE:GMDCLTD) Stock Three Years Be Happy With The Share price Today?
Jul 07Financial Position Analysis
Short Term Liabilities: GMDCLTD's short term assets (₹24.8B) exceed its short term liabilities (₹4.5B).
Long Term Liabilities: GMDCLTD's short term assets (₹24.8B) exceed its long term liabilities (₹6.0B).
Debt to Equity History and Analysis
Debt Level: GMDCLTD has more cash than its total debt.
Reducing Debt: GMDCLTD's debt to equity ratio has increased from 0% to 0.01% over the past 5 years.
Debt Coverage: GMDCLTD's debt is well covered by operating cash flow (101823.3%).
Interest Coverage: GMDCLTD earns more interest than it pays, so coverage of interest payments is not a concern.