Go Digit General Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Go Digit General Insurance has a total shareholder equity of ₹46.7B and total debt of ₹3.5B, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are ₹206.2B and ₹159.5B respectively. Go Digit General Insurance's EBIT is ₹3.3B making its interest coverage ratio 8.3. It has cash and short-term investments of ₹1.4B.
Key information
7.5%
Debt to equity ratio
₹3.50b
Debt
| Interest coverage ratio | 8.3x |
| Cash | ₹1.43b |
| Equity | ₹46.66b |
| Total liabilities | ₹159.50b |
| Total assets | ₹206.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GODIGIT's short term assets (₹15.6B) do not cover its short term liabilities (₹156.0B).
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's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: GODIGIT's debt to equity ratio has increased from 0% to 7.5% over the past 5 years.
Debt Coverage: GODIGIT's debt is well covered by operating cash flow (484.8%).
Interest Coverage: GODIGIT's interest payments on its debt are well covered by EBIT (8.3x coverage).