Goyal Salt Balance Sheet Health
Financial Health criteria checks 5/6
Goyal Salt has a total shareholder equity of ₹422.5M and total debt of ₹55.3M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are ₹506.3M and ₹83.8M respectively. Goyal Salt's EBIT is ₹127.7M making its interest coverage ratio 17.9. It has cash and short-term investments of ₹78.6M.
Key information
13.1%
Debt to equity ratio
₹55.32m
Debt
Interest coverage ratio | 17.9x |
Cash | ₹78.59m |
Equity | ₹422.53m |
Total liabilities | ₹83.75m |
Total assets | ₹506.29m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GOYALSALT's short term assets (₹345.4M) exceed its short term liabilities (₹80.0M).
Long Term Liabilities: GOYALSALT's short term assets (₹345.4M) exceed its long term liabilities (₹3.8M).
Debt to Equity History and Analysis
Debt Level: GOYALSALT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if GOYALSALT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GOYALSALT's debt is well covered by operating cash flow (91.8%).
Interest Coverage: GOYALSALT's interest payments on its debt are well covered by EBIT (17.9x coverage).