Gujarat Raffia Industries Balance Sheet Health
Financial Health criteria checks 4/6
Gujarat Raffia Industries has a total shareholder equity of ₹203.3M and total debt of ₹92.5M, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are ₹313.9M and ₹110.6M respectively. Gujarat Raffia Industries's EBIT is ₹7.4M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹56.3M.
Key information
45.5%
Debt to equity ratio
₹92.52m
Debt
Interest coverage ratio | 2.4x |
Cash | ₹56.34m |
Equity | ₹203.30m |
Total liabilities | ₹110.63m |
Total assets | ₹313.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523836's short term assets (₹199.1M) exceed its short term liabilities (₹66.8M).
Long Term Liabilities: 523836's short term assets (₹199.1M) exceed its long term liabilities (₹43.8M).
Debt to Equity History and Analysis
Debt Level: 523836's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: 523836's debt to equity ratio has reduced from 77.7% to 45.5% over the past 5 years.
Debt Coverage: 523836's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: 523836's interest payments on its debt are not well covered by EBIT (2.4x coverage).