Greenply Industries Balance Sheet Health
Financial Health criteria checks 5/6
Greenply Industries has a total shareholder equity of ₹7.5B and total debt of ₹4.3B, which brings its debt-to-equity ratio to 56.5%. Its total assets and total liabilities are ₹16.9B and ₹9.4B respectively. Greenply Industries's EBIT is ₹1.7B making its interest coverage ratio 4.2. It has cash and short-term investments of ₹798.5M.
Key information
56.5%
Debt to equity ratio
₹4.26b
Debt
| Interest coverage ratio | 4.2x |
| Cash | ₹798.49m |
| Equity | ₹7.55b |
| Total liabilities | ₹9.38b |
| Total assets | ₹16.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 526797's short term assets (₹7.2B) exceed its short term liabilities (₹5.4B).
Long Term Liabilities: 526797's short term assets (₹7.2B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: 526797's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: 526797's debt to equity ratio has reduced from 67.2% to 56.5% over the past 5 years.
Debt Coverage: 526797's debt is well covered by operating cash flow (69.8%).
Interest Coverage: 526797's interest payments on its debt are well covered by EBIT (4.2x coverage).