India Glycols Balance Sheet Health
Financial Health criteria checks 3/6
India Glycols has a total shareholder equity of ₹20.5B and total debt of ₹13.2B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are ₹56.2B and ₹35.7B respectively. India Glycols's EBIT is ₹3.0B making its interest coverage ratio 2.5. It has cash and short-term investments of ₹1.4B.
Key information
64.4%
Debt to equity ratio
₹13.21b
Debt
Interest coverage ratio | 2.5x |
Cash | ₹1.38b |
Equity | ₹20.51b |
Total liabilities | ₹35.66b |
Total assets | ₹56.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500201's short term assets (₹19.4B) do not cover its short term liabilities (₹23.7B).
Long Term Liabilities: 500201's short term assets (₹19.4B) exceed its long term liabilities (₹11.9B).
Debt to Equity History and Analysis
Debt Level: 500201's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: 500201's debt to equity ratio has reduced from 103.9% to 64.4% over the past 5 years.
Debt Coverage: 500201's debt is well covered by operating cash flow (33.2%).
Interest Coverage: 500201's interest payments on its debt are not well covered by EBIT (2.5x coverage).