Garg Furnace Balance Sheet Health
Financial Health criteria checks 5/6
Garg Furnace has a total shareholder equity of ₹487.1M and total debt of ₹15.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ₹609.6M and ₹122.5M respectively. Garg Furnace's EBIT is ₹53.5M making its interest coverage ratio 33.4. It has cash and short-term investments of ₹86.2M.
Key information
3.1%
Debt to equity ratio
₹14.96m
Debt
| Interest coverage ratio | 33.4x |
| Cash | ₹86.16m |
| Equity | ₹487.11m |
| Total liabilities | ₹122.49m |
| Total assets | ₹609.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530615's short term assets (₹423.8M) exceed its short term liabilities (₹106.6M).
Long Term Liabilities: 530615's short term assets (₹423.8M) exceed its long term liabilities (₹15.9M).
Debt to Equity History and Analysis
Debt Level: 530615 has more cash than its total debt.
Reducing Debt: 530615's debt to equity ratio has reduced from 346.8% to 3.1% over the past 5 years.
Debt Coverage: 530615's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530615's interest payments on its debt are well covered by EBIT (33.4x coverage).