Go Digit General Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Go Digit General Insurance has a total shareholder equity of ₹34.4B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are ₹176.8B and ₹142.4B respectively. Go Digit General Insurance's EBIT is ₹2.6B making its interest coverage ratio 6.7. It has cash and short-term investments of ₹5.3B.
Key information
10.2%
Debt to equity ratio
₹3.50b
Debt
| Interest coverage ratio | 6.7x |
| Cash | ₹5.30b |
| Equity | ₹34.43b |
| Total liabilities | ₹142.39b |
| Total assets | ₹176.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GODIGIT's short term assets (₹15.6B) do not cover its short term liabilities (₹138.9B).
Long Term Liabilities: GODIGIT's short term assets (₹15.6B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: GODIGIT has more cash than its total debt.
Reducing Debt: GODIGIT's debt to equity ratio has increased from 0% to 10.2% over the past 5 years.
Debt Coverage: GODIGIT's debt is well covered by operating cash flow (491.6%).
Interest Coverage: GODIGIT's interest payments on its debt are well covered by EBIT (6.7x coverage).