Globus Spirits Balance Sheet Health
Financial Health criteria checks 6/6
Globus Spirits has a total shareholder equity of ₹9.2B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are ₹17.0B and ₹7.8B respectively. Globus Spirits's EBIT is ₹1.6B making its interest coverage ratio 8.3. It has cash and short-term investments of ₹556.3M.
Key information
38.2%
Debt to equity ratio
₹3.52b
Debt
Interest coverage ratio | 8.3x |
Cash | ₹556.33m |
Equity | ₹9.24b |
Total liabilities | ₹7.80b |
Total assets | ₹17.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533104's short term assets (₹5.8B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: 533104's short term assets (₹5.8B) exceed its long term liabilities (₹2.2B).
Debt to Equity History and Analysis
Debt Level: 533104's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: 533104's debt to equity ratio has reduced from 59.8% to 38.2% over the past 5 years.
Debt Coverage: 533104's debt is well covered by operating cash flow (55.1%).
Interest Coverage: 533104's interest payments on its debt are well covered by EBIT (8.3x coverage).