Gujarat Raffia Industries Balance Sheet Health
Financial Health criteria checks 6/6
Gujarat Raffia Industries has a total shareholder equity of ₹206.4M and total debt of ₹35.2M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ₹260.4M and ₹53.9M respectively. Gujarat Raffia Industries's EBIT is ₹11.6M making its interest coverage ratio 3.3. It has cash and short-term investments of ₹30.6M.
Key information
17.0%
Debt to equity ratio
₹35.18m
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₹30.64m |
| Equity | ₹206.35m |
| Total liabilities | ₹53.86m |
| Total assets | ₹260.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 523836's short term assets (₹152.9M) exceed its short term liabilities (₹32.1M).
Long Term Liabilities: 523836's short term assets (₹152.9M) exceed its long term liabilities (₹21.7M).
Debt to Equity History and Analysis
Debt Level: 523836's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: 523836's debt to equity ratio has reduced from 70.6% to 17% over the past 5 years.
Debt Coverage: 523836's debt is well covered by operating cash flow (142.8%).
Interest Coverage: 523836's interest payments on its debt are well covered by EBIT (3.3x coverage).