Goyal Salt Balance Sheet Health
Financial Health criteria checks 5/6
Goyal Salt has a total shareholder equity of ₹515.8M and total debt of ₹103.9M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are ₹816.5M and ₹300.7M respectively. Goyal Salt's EBIT is ₹216.1M making its interest coverage ratio 33.2. It has cash and short-term investments of ₹50.8M.
Key information
20.1%
Debt to equity ratio
₹103.88m
Debt
| Interest coverage ratio | 33.2x |
| Cash | ₹50.79m |
| Equity | ₹515.79m |
| Total liabilities | ₹300.68m |
| Total assets | ₹816.47m |
Recent financial health updates
No updates
Recent updates
Goyal Salt's (NSE:GOYALSALT) Earnings Are Weaker Than They Seem
Nov 13
Goyal Salt Limited's (NSE:GOYALSALT) 25% Price Boost Is Out Of Tune With Earnings
Oct 04Goyal Salt Limited's (NSE:GOYALSALT) Business Is Yet to Catch Up With Its Share Price
Jul 27Goyal Salt's (NSE:GOYALSALT) Solid Profits Have Weak Fundamentals
May 02What Goyal Salt Limited's (NSE:GOYALSALT) 36% Share Price Gain Is Not Telling You
Apr 27Financial Position Analysis
Short Term Liabilities: GOYALSALT's short term assets (₹547.2M) exceed its short term liabilities (₹238.7M).
Long Term Liabilities: GOYALSALT's short term assets (₹547.2M) exceed its long term liabilities (₹62.0M).
Debt to Equity History and Analysis
Debt Level: GOYALSALT's net debt to equity ratio (10.3%) is considered satisfactory.
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 (87.4%).
Interest Coverage: GOYALSALT's interest payments on its debt are well covered by EBIT (33.2x coverage).