Goodluck India Balance Sheet Health
Financial Health criteria checks 4/6
Goodluck India has a total shareholder equity of ₹12.7B and total debt of ₹6.6B, which brings its debt-to-equity ratio to 52.4%. Its total assets and total liabilities are ₹23.0B and ₹10.3B respectively. Goodluck India's EBIT is ₹2.5B making its interest coverage ratio 4.4. It has cash and short-term investments of ₹818.5M.
Key information
52.4%
Debt to equity ratio
₹6.64b
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹818.53m |
| Equity | ₹12.67b |
| Total liabilities | ₹10.30b |
| Total assets | ₹22.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 530655's short term assets (₹14.9B) exceed its short term liabilities (₹8.8B).
Long Term Liabilities: 530655's short term assets (₹14.9B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: 530655's net debt to equity ratio (46%) is considered high.
Reducing Debt: 530655's debt to equity ratio has reduced from 156.4% to 52.4% over the past 5 years.
Debt Coverage: 530655's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 530655's interest payments on its debt are well covered by EBIT (4.4x coverage).